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Stocks are jumping as traders bet Fed Chair Jerome Powell will signal more interest-rate cuts in his speech today

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'To say that the stakes are high for the meeting is an understatement.'

Global stocks jumped on Friday as traders wagered Federal Reserve Chair Jerome Powell will confirm an expected cut to interest rates in September during his speech today. Markets are pricing in about a 94% chance of a rate cut in September, and President Donald Trump has called for more aggressive reductions. However, strong employment and retail sales data, along with resistance from three Fed policymakers, means another rate cut isn't guaranteed.

Global stocks jumped on Friday as traders wagered Federal Reserve Chair Jerome Powell will confirm an expected cut to interest rates in September during his speech today. Markets are pricing in about a 94% chance of a rate cut in September, and President Donald Trump has called for more aggressive reductions. However, strong employment and retail sales data, along with resistance from three Fed policymakers, means another rate cut isn't guaranteed.

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Global Stocks Rise, With All Eyes on the FedStocks climbed at the end of a week dominated by central-bank policy, with a closely watched speech expected from Federal Reserve Chairman Jerome Powell later in the day. Get rid of the fed. The Fed (Federal Reserve Bank) created so the House of Representatives can shirk their financial responsibility. Jekyll Island 1913. Look it up.
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Asian stocks follow Wall Street lower before US Fed releaseEquities fell in Asia as investors took a step back after recent gains, with the focus now turning to a key speech by Federal Reserve boss Jerome Powell at the end of the week.
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