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1.Market Observations, 8.Was Sticky

2 Aug 2019 (TheAge) – Confusion reigns as the Fed cuts rates for the first time in a decade

(2 August 2019, The Age, Business, p25, Stephen Bartholomeusz, Senior business columnnist)

‘Jerome Powell seemed confused in discussing the US Federal Reserve Board’s first rate cut in more than a decade. Financial markets were confused, too – and disappointed. The markets expected the cut, but also anticipated that it would be the first of several more to come, rather than a one-off. After all, why would the Fed cut rates…’

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