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Weekly Market Roundup
Heading into Powell’s announcement on Wednesday, participants were on the fence with interest rate hike expectations between 0.5% and 0.75%. Powell said that although they still have a long way to go to fight inflation, he sent a strong signal that they will be looking to slow the pace of rate hikes, as soon as this month, all but confirming a 0.5% rate hike for December...... Read more