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Powell hints at rate cuts this year: What do you think?
Stocks closed slightly higher on March 6 amid optimism about potential Fed rate cuts this year. Powell mentioned an expectation for rate cut Show More
Stocks closed slightly higher on March 6 amid optimism about potential Fed rate cuts this year. Powell mentioned an expectation for rate cuts but emphasized the need for further confidence in inflation reduction.
Powell said during testimony before the House Financial Services Committee. "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year."
Besides, Powell expressed optimism about the economy and labor market, stating he doesn't foresee a recession.

🎙️Discussion:
1. When do you think the rate cut will happen?
2. What's your investment strategy after Powell's testimony?
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