Fed Chair Powell vows to increase charges to battle inflation ‘until the job is done’

Key Factors

Federal Reserve Chairman Jerome Powell said Thursday he is “strongly fully commited” to fighting inflation.
The Fed has elevated benchmark fascination costs 4 situations this yr, with the fed funds amount now established in a array among 2.25%-2.50%.
This was the last publicly scheduled Powell look prior to the Fed’s Sept. 20-21 assembly.

Supply

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Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]

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