No Rate Cuts Announced by Federal Reserve, but Future Reductions Hinted
In a significant announcement made on Wednesday, March 20, 2024, from the bustling floors of the New York Stock Exchange, U.S. Federal Reserve Board Chairman Jerome Powell revealed a critical decision. Contrary to some market speculations, there have been no rate cuts today. However, Powell's statement has left investors and market watchers buzzing as he hinted at the possibility of rate reductions later in the year.
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