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Top U.S. banks temper net interest income view, cite potential rate cuts

WorldNews Monday, 9 September 2019
Top U.S. banks temper net interest income view, cite potential rate cutsWells Fargo relies heavily on interest rates to boost revenue, since it manages rate-sensitive deposits and mortgage securities. On July 31, the U.S. central bank cut its key overnight lending rate to a target range of 2.00% to 2.25% due to concerns about the global economy on the back of the U.S.- China trade war and muted U.S. inflation. Wells Fargo Chief... ......
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News video: With China Easing on Trade, Stocks Rise But Treasury Yields Stay Put

With China Easing on Trade, Stocks Rise But Treasury Yields Stay Put 01:14

China's Finance Ministry just did something that's music to Trump's ears. And it was music to the ears of investors across the U.S. financial market as well. China's Finance Ministry announced it will exempt 16 different U.S. products that were initially tariffed in July 2018 from current tariffs....

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