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Stocks hang onto gains as rate cuts in focus
- Investors are optimistic as they expect the Fed to cut US interest rates next week.
- Markets predict the Fed will reduce interest rates by a quarter point at next week's meeting and another two cuts later this year.
- Stock markets have reached record highs due to hopes for falling interest rates.
- Data showing the UK economy stalled in July led to a drop in the British pound, supporting equities during trading.
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Coverage Details
Total News Sources48
Leaning Left5Leaning Right6Center12Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 22%
C 52%
R 26%
Factuality
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