US Stock Market Hits Record High as Fed Chair Signals Possible Interest Rate Cuts

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The Standard & Poor’s 500 index closed at an all-time high as US Federal Reserve Chairman Jerome Powell made comments suggesting that interest rate cuts within the year are not far off. On the New York Stock Exchange on the 7th local time, the S&P 500 index closed at 5,157.36, up 52.60 points from the […]