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The Nasdaq hits an all-time high after upbeat Powell testimony

1 month ago   |   By Business Insider

AP/Jose Luis Magana
Stocks rose Tuesday, with the Nasdaq hitting an all-time high, after Federal Reserve Chair Jerome Powell offered an upbeat outlook on the economy in a testimony before Congress. The dollar and Treasury yields rose.
Here's the scoreboard: See the rest of the story at Business Insider NOW WATCH: What happens when you hold in your pee for too long See Also: BANK OF AMERICA: A 'summer pain trade' is coming for investors with a rosy view of the global economy Another signal that Bank of America is watching for a bear market has been triggered, and the countdown is on US...
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Fed Chairman Jerome Powell discounts the risks of a trade war, says economy remains strong

Fed Chairman Jerome Powell discounts the risks of a trade war, says economy remains strong

1 month ago   |   By Business Insider

Joshua Roberts/Reuters
Fed Chairman Jerome Powell appeared before the Senate Banking Committee on Tuesday as part of his semi-annual testimony before Congress.
Powell said the job market will likely remain strong and inflation should hold below 2%.
He downplayed the risk of a trade war.
WASHINGTON - U.S. Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of "several years" where the job market remains strong and inflation stays around the Fed's 2 percent target.
In written testimony delivered...
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