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Fed’s Powell Says Another Rate Cut in December Would Be Challenging

Fed’s Powell Says Another Rate Cut in December Would Be Challenging

Federal Reserve Chair Jerome Powell indicated that implementing another rate cut in December could prove difficult. He emphasized the complexities involved in making such a decision. Powell noted that the economic landscape is uncertain, which complicates the Fed’s ability to adjust interest rates effectively. He acknowledged the various factors that influence monetary policy, including inflation […]

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Bitcoin Trades at 9K as U.S. ETF Demand Fades and Powell’s Tone Af

Bitcoin Trades at $109K as U.S. ETF Demand Fades and Powell’s Tone Af

Bitcoin is trading at $109,000 as demand for U.S. exchange-traded funds (ETFs) diminishes, with Federal Reserve Chair Jerome Powell’s hawkish comments impacting risk assets. The fading demand for Bitcoin ETFs in the U.S. has contributed to fluctuations in market activity. Investors are responding to Powell’s recent remarks, which indicate a more cautious approach to monetary

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Crypto update: Bitcoin tumbles below 1K as Powell dashes December rate…

Crypto update: Bitcoin tumbles below $111K as Powell dashes December rate…

Bitcoin Tumbles Below $111K: Powell Dashes December Rate Cut Hopes In a surprising turn of events, Bitcoin, the flagship cryptocurrency, has experienced a significant downturn, tumbling below the $111,000 mark. This shift in market sentiment comes on the heels of remarks made by Jerome Powell, Chair of the U.S. Federal Reserve, essentially eliminating the possibility

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Wall Street’s Take on Powell’s Hawkish Speech and Fed Disagreement

Wall Street’s Take on Powell’s Hawkish Speech and Fed Disagreement

Wall Street is interpreting Federal Reserve Chair Jerome Powell’s hawkish speech as highlighting a lack of data, which contributes to increased disagreements within the Fed. Powell’s remarks suggest that the Fed may face challenges in reaching consensus due to the scarcity of reliable economic data. This situation raises concerns among investors about the potential direction

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Bitcoin Chart Insights on BTC Price After Powell’s December Cut Doubt

Bitcoin Chart Insights on BTC Price After Powell’s December Cut Doubt

Analysts are examining Bitcoin charts to assess the impact on BTC price following comments by Powell that raised uncertainty about a potential interest rate cut in December. The recent statements made by Powell have created a ripple effect in the cryptocurrency market, particularly concerning Bitcoin. Investors are closely monitoring the charts to gauge how this

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Powell Will Complete Federal Reserve Chair Reappointment Process

Powell Will Complete Federal Reserve Chair Reappointment Process

Federal Reserve Chair Jerome Powell indicated he will promptly finalize the reappointment process for his position. This statement was made amid ongoing discussions about the future direction of monetary policy. Powell’s leadership has been pivotal during a time of economic uncertainty, and his reappointment is widely anticipated by various market participants. The completion of this

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Powell: Officials Increasingly Favor Postponing Rate Cut

Federal Reserve Chair Jerome Powell indicated that a growing number of officials are advocating for a delay in implementing a rate cut. This shift in perspective reflects ongoing discussions among policymakers regarding the timing of potential adjustments to the interest rate. Powell noted that the sentiment surrounding the rate cut is evolving as officials assess

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Powell Indicates Need for Caution on Interest Rate Cuts Without New D

Powell Indicates Need for Caution on Interest Rate Cuts Without New D

Federal Reserve Chair Jerome Powell stated that a slowdown in interest rate cuts may be warranted if no new information emerges. Powell emphasized the importance of data in informing policy decisions. He noted that the current economic landscape requires careful consideration before implementing further cuts. The Federal Reserve is closely monitoring various indicators to assess

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Powell: AI Unlike 1990s Bubble, Companies Already Profitable

Powell: AI Unlike 1990s Bubble, Companies Already Profitable

AI profitability Federal Reserve Chairman Jerome Powell stated that artificial intelligence is fundamentally different from the internet bubble of the 1990s. He emphasized that many companies leveraging AI are already turning a profit. Powell’s remarks come amid discussions about the potential economic impact of AI technology. He noted that while the 1990s bubble was characterized

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Powell: Absence of Economic Data Could Justify Rate Adjustment Pause

Powell: Absence of Economic Data Could Justify Rate Adjustment Pause

Federal Reserve Chair Jerome Powell indicated that a lack of economic data might warrant a pause in adjustments to interest rates. This statement reflects the central bank’s ongoing assessment of economic conditions. Powell emphasized the importance of data in guiding monetary policy decisions. He noted that without significant economic indicators, the Fed may choose to

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