The Fed: In press conference, Powell to emphasize economy strong enough not to need a rate cut

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Federal Reserve Board Chairman Jerome Powell will meet with reporters Wednesday.

Fed Chairman Jerome Powell will use his press conference Wednesday to accentuate the positive about the outlook while avoiding the negative, economists said.

“Powell doesn’t want to scare markets with rhetoric that would speak to an interest rate cut,” said Brett Ryan, economist at Deutsche Bank. That would only spark fears the Fed knows something the market does not know, he added.

Avery Shenfeld of CIBC agreed: “We likely won’t see anything to suggest that they are close to thinking about an outright rate cut.”

The economy has slowed since the fall.

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