deal tariffs trump price prices trade cut tesco workers year

Powell hints at September rate cut despite tariff risks, sending Dow up 650 points

Powell hints at September rate cut despite tariff risks, sending Dow up 650 points

Traders priced in about a 75% chance of the Fed issuing a quarter-point cut in September soon after Powell’s speech started – a more than 5% jump from earlier in the day, according to CME FedWatch.

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