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Wall Street Got the Rally Signals From Powell It Was Hoping For

Markets

Denitsa Tsekova, Ye Xie, Natalia Kniazhevich

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August 22, 2025

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Bloomberg

For much of this month, Wall Street traders piled into stocks and bonds, betting that the Federal Reserve was finally ready to start cutting interest rates again. All they were waiting on was the green light from Jerome Powell to keep the rally going.

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