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Fed's Powell bolsters rate cut view on trade, global growth concerns

Reuters Wednesday, 10 July 2019 ()
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to 'act as appropriate' to defend an economic expansion threatened by trade disputes and a global slowdown.
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News video: What to Listen For When Fed's Powell Testifies

What to Listen For When Fed's Powell Testifies 01:19

The Federal Reserve Chairman Jerome Powell is set to testify in front of the House Financial Services Committee Wednesday, and there are three things in particular investors should look out for. Rate Cut Indications During the hearing, investors should listen closely to any words Powell uses that...

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