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fromLondon Business News | Londonlovesbusiness.com
5 months ago

S&P 500 fueled by easing expectations, but adjustment risks remain - London Business News | Londonlovesbusiness.com

The recent Jackson Hole symposium played an important role, as Fed Chair Jerome Powell acknowledged rising risks to the labor market while leaving the door open to policy easing should economic data continue to weaken. This "cautiously dovish" message was interpreted by markets as a signal for a potential rate cut as early as September, providing strong momentum for U.S. equities.
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