Fed holds rates, Powell shuts door on March cut
Wall Street Breakfast
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Fed Holds Rates, Powell Shuts Door on March Cut
An update on the Federal Reserve's decision to keep interest rates unchanged at 5.5-1.5%, with focus on potential future rate cuts and the market reaction. The chapter also discusses the FOMC's new language in their statement and highlights weak economic data in the manufacturing sector and private payrolls.
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Transcript
