Length
57 minutes
Words per minute
189.12
Word count
10,825
Sentence count
—
Harmful content
Misogyny
6
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Toxicity
15
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Hate speech
11
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J.P. Powell announces a pause in the pace of rate hikes for the near term, which sent the markets into a tailspin and wiped out all of the gains from the previous three quarter point increase announced by the Fed on September 14th. The markets reacted to the announcement with the dollar, Treasuries, and the euro all starting to creep down against the dollar. What does this say about the direction of the Fed going forward? What does it mean for the economy and the economy's impact on inflation and interest rates? And what does it say about what's to come from the mid-term elections?
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