Tag: Financial News
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Equities Slide as Powell Tempers Rate Cut Hopes, But Bulls Eye 6,500 Target
U.S. equities pulled back Thursday as investors responded to a more cautious Federal Reserve and stronger-than-expected private jobs data. While Fed Chair Jerome Powell dialed back expectations for a September rate cut, strategists remained broadly optimistic—highlighted by Wells Fargo’s upward revision of the S&P 500 year-end target. Powell Remarks Cool Rate Cut Momentum Markets opened…