Fed's Powell: 'Ultimate level' of rates likely higher than earlier estimates By Reuters

(Reuters) - The mt5 traders"ultimate level" of the Federal Reserve's benchmark policy rate is likely higher than previously estimated, Fed Chair Jerome Powell said on Wednesday.

In remarks at a press conference after the Fed raised rates by 75 basis points for a fourth consecutive meeting, Powell said there is "significant uncertainty" around the level of rates needed to bring down inflation, but "we still have some ways to go."

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