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US close: Stocks surge as Powell signals impending rate cut

Published by Benjamin Chiou on 23rd August 2024

(Sharecast News) - Wall Street's three equity benchmarks surged well over 1% each on Friday after the head of the Federal Reserve cemented expectations for an interest-rate cut next month, saying "the time has come for policy to adjust".

URL: http://www.digitallook.com/dl/news/story/34512024/...

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