Stocks Falter as Central Banks Dent Rate-Cut Hopes: Markets Wrap.

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  • Additional Information
    • Subject Terms:
      BOARD of Governors of the Federal Reserve System (U.S.) ; BANK of England
    • Subject Terms:
      POWELL, Jerome H., 1953-; BAILEY, Andrew, 1959-
    • Abstract:
      (Bloomberg) -- Global stocks faltered as a raft of central bank officials in Europe pushed back against the prospect of speedy interest rate cuts, a message which Federal Reserve Chair Jerome Powell could echo later in the day. Bank of England Governor Andrew Bailey warned Wednesday it is too early to discuss rate cuts, while three euro zone rate-setters also hinted policy would stay tight. [Extracted from the article]
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