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Feb 11, 2025
Dow Jones Industrial Average trades steady post-Powell
The Dow Jones Industrial Average (DJIA) is mostly on balance on Tuesday, holding steady near 44,500 after Federal Reserve (Fed) Chair Jerome Powell signaled that the Fed is willing to wait as long as necessary to make sure the economy is stable and further progress on inflation will be made before cutting rates again.
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Feb 11, 2025
US Dollar softens as Powell signals no urgency to change rates
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, remains down for the second day after hearing from the head of the US central bank.
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