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Economy

US Fed sees no strong case for hiking or cutting rates

Updated : May 02, 2019 06:09 AM IST

"We think our policy stance is appropriate at the moment; we don’t see a strong case for moving it in either direction," Fed Chairman Jerome Powell said in a press conference following the end of the central bank's latest two-day policy meeting.
Fed policymakers said ongoing economic growth, a strong labor market and an eventual rise in inflation were still "the most likely outcomes" as the US expansion nears its 10-year mark.
US Fed sees no strong case for hiking or cutting rates

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