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Fed's Powell: We had a pause in progress in inflation in Q1, takeaway was that it will take longer to get to rate cuts
POWELL: WE HAD A PAUSE IN PROGRESS IN INFLATION IN FIRST QUARTER, TAKEAWAY WAS THAT IT WILL TAKE LONGER TO GET TO RATE CUTS
— DB News TradFi (@DBNewswire) June 12, 2024
Added at 2:51pm
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POWELL: RATE CUTS HAVE MOVE LATER BECAUSE OF SLOWER PROGRESS ON INFLATION
— DB News TradFi (@DBNewswire) June 12, 2024
POWELL: TODAY WAS A BETTER INFLATION REPORT THAN ALMOST ANYONE EXPECTED
Added at 2:52pm
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POWELL: PEOPLE ARE COMING TO THE VIEW THAT RATES ARE LESS LIKELY TO GO DOWN TO PRE-PANDEMIC LEVELS
— DB News TradFi (@DBNewswire) June 12, 2024
Added at 2:56pm
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POWELL: IMPROVEMENT IN INFLATION HAS BEEN COMING FROM UNWINDING OF PANDEMIC DISTORTIONS, COMPLEMENTED BY MONPOL
— DB News TradFi (@DBNewswire) June 12, 2024
POWELL: INFLATION’S ALSO IMPROVING BECAUSE OF POSITIVE SUPPLY SHOCK
POWELL: THESE INFLATION DYNAMICS CAN CONTINUE
Added at 2:57pm
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POWELL: WE DON’T KNOW IF WE’RE DOWN TO DEMAND DETERMINING INFLATION
— DB News TradFi (@DBNewswire) June 12, 2024