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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