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Federal Reserve Chairman Jerome Powell and other global central bank leaders speak Wednesday morning at a monetary policy forum in Sintra, Portugal.
Joining Powell at the event, presented by the European Central Bank, are ECB President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda.
The forum comes two weeks after Powell and his Fed colleagues decided to take what is expected to be a temporary reprieve from a series of 10 consecutive interest rate hikes that began in March 2022. Other banks, however, Centrals have remained aggressive in fighting inflation, with the ECB and Bank of England recently announcing rate hikes.
Markets expect the Fed to approve an additional 0.25 percentage point hike at its July meeting, then pause while officials look at the impact the hikes are having on the economy. However, Fed officials at the June meeting noted two more hikes.
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