Powell rains on bulls’ parade. What investors and economists are saying

Powell rains on bulls’ parade. What investors and economists are saying

Federal Reserve Chair Jerome Powell put a damper on the bull rally, after saying that a December rate cut isn’t a “foregone conclusion” as a divided central bank tries to operate on limited visibility. Stocks came off their highs Wednesday following the start of Powell’s post-meeting news conference. The Dow Jones Industrial Average was closed…

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