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Rate cuts are coming — and markets are ecstatic

Business Insider Thursday, 11 July 2019
Rate cuts are coming — and markets are ecstatic· *Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would lower interest rates this month.*
· *"A July rate cut seems set in stone as Powell cites geopolitical uncertainties and global growth slowdown as the reasons why an easier policy will help sustain the expansion...
Credit: The Street - Published < > Embed
News video: Here's What to Know on Fed's Powell's Two Days With Congress

Here's What to Know on Fed's Powell's Two Days With Congress 01:43

Jerome Powell, chairman of the Federal Reserve can breath a sigh of relief now that he's finished answered pressing questions from Congress. But the market can breath, too, because it looks like it will get its rate cut. Here's what Powell said over the two days, and what the market implied actions...

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