Don't count on an interest-rate cut boosting stocks until next year, former Dallas Fed boss says
in reference to other central banks rushing to cool soaring prices with further rate hikes.
between March 2022 and May 2023 in a bid to tame inflation, which was running close to four-decade highs.at its most recent meeting last week, with chair Jerome Powell noting that policymakers were"seeing the effects of our policy tightening and demand in the most interest rate sensitive sectors of the economy, especially housing and investment."
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