London, Aug 22, 2025 (AFP) - Wall Street rallies as Fed chief fuels rate cut hopes

NAMPA / AFP

2025-08-22

Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest rates. Investors had been eagerly waiting for Powell's speech all week, hoping for hints that the Fed would cut rates at its next meeting in September to spur economic growth. New York's three main indexes surged following his remarks, rebounding after a tech sell-off this week. European stock markets also advanced in afternoon deals......

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