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        Powell signals Fed to stay on hold: What do you think?
        Event Description
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        In a widely anticipated speech to the Economic Club of New York on Thursday, Federal Reserve Chair Jerome Powell acknowledged that progress Show More
        In a widely anticipated speech to the Economic Club of New York on Thursday, Federal Reserve Chair Jerome Powell acknowledged that progress has been made in curbing inflation, but also emphasized that inflation is still too high and remains committed to reducing inflation to the 2% goal.

        He also added that given the many uncertainties and risk factors, the Fed will act cautiously. Analysts believe that while Powell dismissed the possibility of a rate hike in November, he also left the door open for further rate increases in order not to let the market get carried away. On Thursday, all three major U.S. stock indexes fluctuated and closed down.

        What‘s your thought:
        Did the speech reveal what you expected?
        What is your investment strategy amid the uncertain outlook?
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