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Dahang Morning Post - Powell's speech strikes back at radical loose betting｜Dahang Morning Post
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The dollar rebounded this week after Federal Reserve Chairman Colin Powell struck a more hawkish tone on the economy, prompting market participants to reduce bets that the Fed will cut interest rates by another 50 basis points at its next meeting. Powell said that recent revisions to economic growth, savings rates and personal income data have removed some of the downside risks that the Fed has been watching. He also said that if the economy per…
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