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  • Nov 29th, 2018
  • Comments Off on US stocks surge as Powell hints at slowing rate hikes
Wall Street extended its gains on Wednesday after Federal Reserve Chair Jerome Powell said that the central bank's policy rate was "just below" neutral, hinting at a potential moderation in the pace of policy tightening. The S&P 500 was up 1.9 percent, while the Dow and the Nasdaq each advanced more than 2 percent following Powell's speech to the Economic Club of New York.

Copyright Reuters, 2018


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