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US Fed taper: Stocks return to records after Jerome Powell’s Jackson Hole speech – The Australian Financial Review

Stocks have set high benchmarks this year thanks in large part to the Federal Reserve’s massive efforts to prop up the economy…

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We have much ground to cover to reach maximum employment, which is one of those tests, Powell said.
Stocks climbed through Powells speech, as low interest rates can act like steroids for the market. Stocks of companies whose profits are most closely tied…

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