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Fed Inches Toward Rate Cut as Trade War Frays Patience

  • Powell, Clarida assure markets and buy time for more data
  • Stocks surge, Treasuries decline as investors take comfort
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Powell discusses the Fed’s preparedness to act on cutting interest rates if necessary due to trade and other risks.Source: Bloomberg
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The Federal Reserve’s top policy makers aren’t yet ready to cut interest rates, but worsening trade tensions are nudging them in that direction.