A few key words in Fed boss Jerome Powell's speech signals when interest rates are coming down
The Federal Reserve has held interest rates steady for the sixth consecutive time, but hinted it is closer to cuts. Fed Chair Jerome Powell said an interest rate cut could be possible next month, and the central bank made notable changes to its policy statement, indicating that inflation is getting closer to its 2 percent target. Stocks rallied following the announcement, in good news for American 401(K) accounts. The central bank has kept interest rates between 5.
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