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Stocks climb as investors bet on rate cut following Jerome Powell speech

22 August 2025
in USA
0
Stocks climb as investors bet on rate cut following Jerome Powell speech
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Markets surged on Friday following Federal Reserve Chair Jerome Powell’s speech, hinting at potential interest rate cuts to stimulate the economy despite inflation risks. The S&P 500 rose 1.6%, the Nasdaq increased 2%, and the Dow Jones gained over 2%, buoyed by Powell’s acknowledgment of labor market concerns and Canada’s decision to reduce tariffs on U.S. goods.

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