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Dollar soft after Powell bolsters Fed rate cut bets

WorldNews Thursday, 11 July 2019 ()
Dollar soft after Powell bolsters Fed rate cut betsThe dollar was soft on Thursday after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month, vowing to “act as appropriate” to ensure the world's biggest economy will be able to sustain a decade-long expansion. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the US economic outlook amid uncertainty about the fallout from...
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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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