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Stocks sink after Powell says December rate cut ‘not a foregone conclusion’

Stocks gave up gains and turned red after Federal Reserve Chairman Jerome Powell poured cold water on the idea that investors should expect another interest rate cut in December. Powell made the comments at a press conference after Fed officials voted on Wednesday to cut interest rates by a quarter ......

Source: Washington Examiner

Original URL: https://www.washingtonexaminer.com/policy/finance-and-economy/3868513/stocks-sink-jerome-powell-december-rate-cut-not-a-foregone-conclusion/