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Rally continues amid Fed signals of possible rate cut

Thursday, June 6, 2019   (0 Comments)
Posted by: Amanda Averch
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US equities ascended further Wednesday, buoyed by Federal Reserve Chairman Jerome Powell's remarks that the central bank is receptive to reducing interest rates to ease the effect of trade tensions on the economy. However, UBS Chairman Axel Weber says the market has overpriced the number of rate cuts the Fed is bound to make, and Goldman Sachs President John Waldron has expressed concern about how much influence the matter has on market sentiment.

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