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**Powell: Second Quarter Inflation Data Boosted Our Confidence**
In a recent statement, Federal Reserve Chairman Jerome Powell expressed that the inflation data from the second quarter has significantly bolstered the Fed’s confidence in the stability of the economy. Powell highlighted that the observed trends suggest a more controlled inflation environment, which is crucial for long-term economic planning and monetary policy decisions. This newfound confidence may influence future rate adjustments and other financial measures, aiming to maintain economic growth while keeping inflation in check. The crypto market, often sensitive to such macroeconomic indicators, is expected to react to this announcement, potentially impacting market dynamics in the near term.
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