U.S. Monetary Policy: A Hold on Interest Rate Hikes Ahead?
With the increasing yield of long-term treasury bonds, Jerome Powell of the US Federal Reserve has suggested a potential pause in boosting the interest rate.
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With the increasing yield of long-term treasury bonds, Jerome Powell of the US Federal Reserve has suggested a potential pause in boosting the interest rate.
This perspective is also held by his peers at the Federal Reserve, especially as they gear up for their meeting on the first of November.
And, adding to this narrative, the CME Group's current data indicates a 99.9% likelihood of the rate sticking at 5.25%.
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