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Jed Graham: Fed Cuts Rates Again, But Next Move Faces High Bar
The Fed lowered its benchmark interest rate to a range of 1.5%-1.75% on Wednesday, as expected. But Fed chief Jerome Powell made clear that only a "material reasssessment" of the economic outlook would provoke a further Fed rate cut. Bottom line: the Fed's midcycle adjustment is complete. Despite the high bar to further Fed action, the Dow
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Posted: October 30, 2019 Wednesday 04:08 PM