MM111: The US banking crisis claims another victim
Market Maker
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The Fed's Rate Height Cycle Signals a Possible Pause
Markets rallied after the statement was released. But Powell then gave a press conference where he got asked about a future. He thinks that inflation is going to remain, it's going to drop slower at a slower rate than markets want or expect. That'll be the legacy of his tenure as Fed chair - just too late for cuts.
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