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• The US Federal Reserve expectedly kept interest rates unchanged at 4.25-4.5%.Two members of the Federal Reserve spoke in favor of cutting rates by 0.25%. This was the first time since 1993 that there was such a divergence of opinions.Powell's speech was tough. The probability of a rate cut in September fell from 63% to 41%. A month ago it was 95%.
• Stocks were down slightly yesterday (S&P 500 down 0.12%) after the Fed chairman's speech and the diminished chances of a Fed rate cut in September. Semiconductors supported the optimistic sentiment.S&P 500...
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