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Fed is done with mid-cycle adjustment after three rate cuts S&P 500 closes at a record high Cancelation of APEC summit won’t impact US-China trade negotiations After cutting interest rates for a third time yesterday, the Federal Reserve Chair Powell said he believes “monetary policy is in a good place”. The initial reaction to the policy statement was negative for stocks and provided some support to the US Dollar. That’s because the Fed removed “act as appropriate to sustain the expansion” from their statement and replaced it with “the committee will continue to... Read More
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