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Powell: Fed will do what it takes to keep economy 'in solid shape'

Yahoo Finance
Summary
Nutrition label

78% Informative

Federal Reserve Chair Jay Powell said Monday the central bank intends to do what it takes to keep the economy humming while avoiding recession.

Powell ’s comments come after the Fed slashed its benchmark interest rate by 50 basis points at its last policy meeting on September 18 .

The consensus among Fed officials outlined at that meeting is for two more 25 basis point rate cuts in 2024 .

VR Score

89

Informative language

95

Neutral language

50

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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