Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead

Powell, speaking after the end of a two-day policy meeting, declined to declare victory in the U.S. central bank's two-year inflation fight, vouch that it had achieved a sought-after "soft landing" for the economy or promise that rate cuts would come as soon as the Fed's March 19-20 meeting, as investors had hoped in the run-up to this week's policy decision.
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