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Benzinga
Benzinga
Business
Piero Cingari

Powell Set For A 'Dovish Hold' In December, Economists Say After Jobs Data

jerome powell ai15

Fed Chair Jerome Powell is expected to keep interest rates steady at the final Federal Reserve meeting of the year, but economists say he could strike a more dovish tone as the labor market showed mixed signs.

Following the delayed release of September's employment data, Bank of America economists said the rising unemployment rate makes a "dovish hold" the most likely outcome for December.

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