Replies to post #51756 on Sharing Knowledge in Smallcaps

[BullNBear52]

Translated, no more rate cuts.


Fed’s Powell says interest rates unlikely to change as long as growth continues
PUBLISHED WED, NOV 13 20199:30 AM EST
Jeff Cox
@JEFF.COX.7528
@JEFFCOXCNBCCOM
KEY POINTS
Fed Chairman Jerome Powell said the central bank is unlikely to move on interest rates given the “sustained” economic expansion.
The central bank has cut its benchmark rate three times this year to a range of 1.5%-1.75%.
“Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2 percent objective as most likely,” he told a joint congressional committee.

https://www.cnbc.com/2019/11/13/feds-powell-says-rates-unlikely-to-change-as-long-as-growth-continues.html