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Fed Chair Powell signals shift in “landing zone” (+ Oxford Economics Fed call change)

In a speech at the New York Economic Club, Fed Chair Powell highlighted that interest rates are “just below” neutral signaling a slightly more dovish monetary policy tilt. Notwithstanding, Powell reiterated that “there is a great deal to like” about the economy and the outlook, suggesting that the Fed will continue to proceed with gradual rate hikes ahead.

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