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Asia stocks set to slide as Fed's Powell temper rate cut expectations


Added 06-25-19 08:02:01pm EST - “Stocks in Asia were set to open lower on Wednesday after Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Asia stocks set to slide as Fed's Powell temper rate cut expectations”. Below is an excerpt from the article.

Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.

More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.

Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.

The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.

Stocks in Asia were set to open lower on Wednesday after Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.

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