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US markets are turning around after the Federal Reserve has announced that it will maintain expansion for as long as possible. The reports of Julia Chatterley and Paul La Monica on CNN.
US markets opened higher and these gains accelerated after Federal Reserve Chairman Jerome Powell said the central bank was closely following developments in the trade situation.
"As always, we will act appropriately to continue the expansion," he said at a monetary policy conference in Chicago.
Powell's statements come one day after St. Louis Fed President James Bullard said the central bank may have to cut interest rates soon due to fears of low inflation and risks to growth economic.
Although Powell did not echo Bullard's more explicit expectations for a rate cut, investors seem to have heard everything they needed.
#Marche #Business #CNN
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