Powell’s speech will stir speculation on rates

Powell’s speech will stir speculation on rates

JACKSON HOLE, Wyoming (AP) — When Federal Reserve Chair Jerome Powell delivers what will be his most closely scrutinized speech of the year Friday, investors and economists will be turning over his remarks for any clues about how fast the Fed may continue to raise its key interest rate — and for how long.
With inflation hovering near a four-decade high — almost 9% — Powell will likely stress that…

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