July 11, 2019
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Jul 11, 20190:55Now PlayingIn testimony to the House Financial Services Committee on Wednesday, U.S. Federal Reserve Chair Jerome Powell indicated an interest rate cut was likely in July. Powell cited slowing global growth, the impact of international trade tensions and muted inflation pressures in his remarks to the House Committee. Reserve policymakers will next meet on July 30-31. Powell’s remarks sent stocks soaring, with the S&P 500 touching 3,000 for the first time ever. Insights via @CMEGroup
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