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Stocks hover at session lows in final hour of trading after Fed's Powell says no decision made yet on September cut
The stock market has reversed course pretty quickly. The three major stock indexes were trading at their session lows as of 3 p.m. Eastern after Fed Chair Jerome Powell said no decision has been made yet on whether policymakers will cut interest rates in September.
The Federal Reserve is expected to hold its key interest rate steady after its two-day meeting wraps up on July 30.
Federal Reserve Chair Jerome Powell downplayed strong Q2 GDP, instead flagging moderating economic growth over H1 of 2025.
Stock indexes are hovering near record highs ahead of the testimony of Fed Chair Jerome Powell. Later this week, CPI inflation data will also help determine where interest rates are headed ...
LONDON (Reuters) - A "Star Wars" inspired hover chair, a speedy electric motorbike and stereo speakers that cost as much as a small house are among the attractions at Britain's biggest gadget show ...
US stock futures were trading mixed, but close to the flatline, ahead of the Federal Reserve FOMC decision on the key rate on ...
President Donald Trump cited new inflation data in continuing to pressure Federal Reserve Chair Jerome Powell to lower interest rates, calling him a "numbskull" but adding that he won't seek to ...
Gold prices (GC=F) hovered around the $3,400 mark on Tuesday morning, their highest level in more than a month as uncertainty ...
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