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The next Federal Open Market Committee (FOMC) meeting is September 16 and 17.
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Federal Reserve chairman Jerome Powell signaled a possible interest rate cut in the months to come, sending stocks sharply higher.
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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
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In a CNBC interview, the policymaker did not share the market's enthusiasm for a cut.
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Dow soars 900 points to record as Powell speech sparks market rally: Live updates CNBCJerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York TimesTrump moves to oust Federal Reserve Chair Jerome Powell in unprecedented move NBC NewsLeaders, laggards after Powell's speech — plus, key Starbucks, Honeywell updates CNBC
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