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newsDec 18, 20247:22pending

Fed cuts rates, but Powell plays the Grinch

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Fed chief Jay Powell said quarter-point cut was close call. (0:17) Dot plot sees fewer cuts and higher inflation in 2025. (1:14) Stocks plunge as yields, dollar rally. (2:48)

Show Notes
25 top picks for 2025
Merck enters obesity drug race in pact with Chinese pharma Hansoh

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Fed cuts rates, but Powell plays the Grinch

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