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Markets Retreat After Powell-Induced Rally as Rate Cut Expectations Adjust
Markets Retreat After Powell-Induced Rally as Rate Cut Expectations Adjust
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BTCCSquare news:
U.S. stock futures declined Monday, tempering Friday's euphoria sparked by Federal Reserve Chair Jerome Powell's暗示可能降息的言论。Dow futures fell 0.2% as traders dialed back expectations of aggressive monetary easing. The retreat follows a record-setting rally that had priced in an 87% probability of a September rate cut.
Powell's Jackson Hole speech struck a deliberately measured tone, emphasizing "gradual" easing rather than the bold moves some investors had hoped for. Treasury yields held steady at 4.27%, suggesting bond markets had already priced in the Fed's dovish pivot. The cooling momentum reflects typical market dynamics after policy-driven rallies, where initial enthusiasm gives way to more sober reassessment.
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