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Federal Reserve Chairman Jerome Powell speaks to business leaders in the Dallas-Fort Worth region on Thursday about monetary policy. Powell will give a speech, followed by a question and answer session.
The appearance comes a week after policymakers voted again to cut their key interest rate by a quarter of a percentage point, or 25 basis points. That followed a half-point cut in September, leaving the federal funds rate stuck between 4.5% and 4.75%.
However, economic readings this week showed that inflation has proven to be stubborn, with consumer price inflation at 2.6% and wholesale prices at 2.4%. The measures are significantly higher for core inflation, excluding food and energy costs.
Markets expect the Fed to cut again in December and then likely skip its January meeting as officials assess the effect of policy easing measures so far.
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