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Brokerages are adding a September rate cut to their forecasts after Federal Reserve Chair Jerome Powell signaled the central bank could ease policy next month.
Investors interpreted Powell’s “Fedspeak” as a clear sign that the U.S.’s central banking system will likely lower rates as soon as the next Federal Open Market Committee meeting in September. Moments ...
What Happened in Markets Friday Stocks roared back to life. Jerome Powell's speech in Jackson Hole raised hopes for interest rate cuts and drove stocks higher on Friday. That reversed what had been ...
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