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Citadel’s Ken Griffin Says Fed Must Keep Rates ‘Higher For Longer’

By Erica Kollmann
May 7, 11:30 AM
Citadel CEO Ken Griffin joined CNBC's "Power Lunch" Monday and discussed inflation, interest rates and the influence of AI on the American workforce.  "They've got to stay with higher rates to bring inflation back in check," Griffin said. "They need to bring inflation down over time." The Citadel CEO noted that inflation has come down in goods, but remains elevated in the services sector. "Powell and the team, I think, has made the right choice of staying higher for longer."

IAK

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Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What’s Driving Markets Monday?

By Piero Cingari
May 6, 1:33 PM
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance

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