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Fed’s Powell Could Seal Expectations of Half-Point Rate Rise in May
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The Federal Reserve has indicated it is likely to raise interest rates next month by a half-percentage point and begin shrinking its $9 trillion asset portfolio, a double-barreled effort to remove stimulus to curb price pressures.
Fed Chairman Jerome Powell will have an opportunity to reinforce that signal when he speaks Thursday afternoon in his last scheduled public appearance before the central bank’s policy meeting May 3-4.
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