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Jerome Powell Says No Rate Cuts Until Inflation Shows Progress, Bitcoin Crashes
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Fed Chair Jerome Powell stated that there won’t be rate cuts unless they see progress on inflation. This came as he signaled that bringing inflation down towards their 2% target is their primary focus for this year, especially with the labor market appearing to stabilize. Bitcoin quickly crashed on the back of his remarks, dropping
The post Jerome Powell Says No Rate Cuts Until Inflation Shows Progress, Bitcoin Crashes appeared first on CoinGape.
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