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Ben Sparham
Market Optimism Prevails as Fed Holds Rates Steady

Market Optimism Prevails as Fed Holds Rates Steady

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Ben Sparham
Nov 02, 2023
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Ben Sparham
Ben Sparham
Market Optimism Prevails as Fed Holds Rates Steady
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In a move widely anticipated by the market, the Federal Reserve decided to maintain interest rates on Wednesday, leading to a surge in both U.S. stocks and bonds. Chair Jerome Powell, while keeping rates steady, hinted at the possibility of future hikes, emphasizing a cautious approach, stating that the central bank would evaluate the situation meeting by meeting.

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