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Dow is staging a comeback for hope of stimulation



The Fed published the minutes of its July meeting at. ET on Wednesday. During the July meeting, the Fed cut interest rates for the first time since 2008. The protocol showed that most Fed policy makers supported the interest rate cut. But the protocol also showed that they wanted to "maintain the alternative" when it comes to what course will take for monetary policy in the future.

Expectations for a further quarterly percentage point cut in September are at 98%, according to CME FedWatch tools.

President Donald Trump once again fired against Fed Chairman Jerome Powell early Wednesday. "The only problem we have is Jay Powell and the Fed," he said on Twitter, adding that it would be "great American growth if he did the right thing."

"The sentiment seems to be improving on hopes of signals of more monetary relief from the Fed and other global central banks in the days ahead," wrote Priscilla Thiagamoorthy, a BMO financial analyst, in a note to investors.

This shift in sentiment helps increase risk-averse assets such as equities and raises the 1

0-year government rate higher. The yield was last set at 1.5774%.

In addition to hopes of monetary policy sentiment, Trump said Tuesday that his administration was looking at further tax cuts.

Gold, also a safe harbor investment, slides by prices down 0.3% to $ 1,500. Oil prices sat 0.8% lower at $ 55.68 a barrel, retreating from previous highs following a report by the US Energy Information Administration that showed falling inventories in the United States.

The US dollar, measured by the ICE US Dollar Index, has changed little, and was in wait-and-see mode ahead of the afternoon release.


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