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Washington prosecutors announced the end of the investigation into Powell, further fueling expectations of a Fed rate cut this year.

MeNews
ME News, April 24 (UTC+8), U.S. Attorney Piro in Washington, D.C., announced that he is halting the investigation into U.S. Federal Reserve Chair Jerome Powell regarding Federal Reserve building costs. He noted that although the investigation has been paused, the Fed’s expenditures will be reviewed by the Federal Reserve’s Inspector General. In addition, Piro emphasized that if circumstances require it, he will not hesitate to restart the investigation into Powell. Meanwhile, federal funds rate swap pricing indicates that the market’s expectations for the Fed to cut rates this year have further strengthened. (Source: MLion)
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