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Asian stocks are emulating gains in the S&P 500 and the Dow, after Fed chair Jerome Powell essentially heralded a low-interest rate era for the US economy. During a speech that was delivered virtually at the Jackson Hole Symposium, Powell announced that the Federal Reserve will aim for an inflation rate that averages two percent over time, which allows for periods of overshoot, marking a new approach to how the central bank handles monetary policy.Asian currencies are now mixed against the US Dollar, even as the Dollar index now settles around the 93.0 psychological level.The... Read More
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