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Fed Chair Powell: No Fed Official Wants Rate Hike Today
BlockBeats News, June 18th, Federal Reserve Chair Powell stated at a press conference that no one at the Fed wants to raise interest rates in the near term. Addressing a question hinting that current data could support a rate hike, Powell said, "The view you expressed did not receive support from any of the 19 participants present. We will meet again in six weeks to revisit this issue." (FXStreet)
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Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
The Federal Reserve announced a 25 basis point increase in the benchmark interest rate to a range of 4.75% to 5.00%.
Banks are seeking to delay access to the Federal Reserve's payment system, while crypto companies are seeking immediate direct access.
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2026-11-11
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