ANZ Bank: Powell may continue to wait and see

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ODAILY
06-16
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Planet Daily News: ANZ Bank noted in a report to clients that the Federal Reserve is highly likely to maintain the federal funds target rate unchanged this week. Although the latest macroeconomic data shows a cooling job market, it remains relatively resilient. The bank believes that the stable employment market provides the Federal Reserve with time to focus on the upcoming inflation report amid rising tariffs and inflation uncertainty. ANZ Bank expects Fed Chairman Powell to continue emphasizing patience, stating that monetary policy is in a good position to respond appropriately to developments. (Jintian)

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