Stocks rise as traders are reassured the Fed will cut rates in September

  • Stocks rose on Friday after Federal Reserve Chairman Jerome Powell said during a speech in Zurich that the central will continue to “act as appropriate” to support US economic growth.
  • Powell has repeated the statement several times before, and investors are interpreting it as a sign the Fed will continue to lower borrowing costs this year.

Source: Stocks rise as traders are reassured the Fed will cut rates in September

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