{"id":84648,"date":"2023-05-04T01:29:37","date_gmt":"2023-05-04T05:29:37","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84648"},"modified":"2023-05-04T01:18:09","modified_gmt":"2023-05-04T05:18:09","slug":"fed-recap-here-are-chair-powells-market-moving-comments-after-the-latest-rate-hike","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2023\/fed-recap-here-are-chair-powells-market-moving-comments-after-the-latest-rate-hike.html","title":{"rendered":"Fed recap: Here are Chair Powell\u2019s market-moving comments after the latest rate hike"},"content":{"rendered":"\n<p>(CNBC) The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In its post-meeting statement, the central bank appeared to soften its language on future rate increases, removing a line on \u201cadditional policy firming.\u201d In his press conference, however, Chair Jerome Powell noted that the policy-setting committee thinks it will take time for inflation to come down and it would not be appropriate to cut rates.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/05\/03\/live-updates-fed-decision-may-2023.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In its post-meeting statement, the central bank appeared to soften its language on future rate increases, removing [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84648","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84648"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84648\/revisions"}],"predecessor-version":[{"id":84649,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84648\/revisions\/84649"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}