U.S. stocks are rising as investors await key economic reports
The statements highlighted how carefully Powell and other Fed officials are trying to adjust the levers of monetary policy to corral price gains without causing a meltdown in the wider economy.
There is an 80% chance that the Fed will maintain borrowing costs at a range of 5.25% to 5.50% at its next meeting in September, according to Investing.com's. Meanwhile, the probability of a quarter-point hike at its November gathering stands at just under 50%, moving up from about 35% last week. The Fed will have a chance to gauge the path of inflation when its preferred measure of price growth, the
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