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Stocks have risen the most since January with Jolt From Powell: Bloomberg markets surround Bloomberg
US stocks recorded the largest gain since January as Federal Reserve Chairman Jerome Powell announced an opening for rate cuts, and Mexican officials said they expect to avoid US rates. Trump administration. Mike Mayo, an analyst at Wells Fargo, said the sector would be ready to "party as if it were in 1995" if rates were lowered. Treasury yields rose after multi-year lows as Powell did not signal an imminent move. Car manufacturers and chip makers rallied as the Mexican president hoped to reach an agreement with the United States ahead of next week's deadline. His minister of …
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