NEW YORK: Wall Street popped into positive territory late on Tuesday after a largely flat trading day, with markets awaiting an interest rate decision from the Federal Reserve.
Fed policymakers opened their two-day meeting on Tuesday after weeks in which Chairman Jerome Powell signaled a rate cut was likely amid weakening economic performance and mounting risks to growth. "I think it's near impossible that the Fed wouldn't lower rates by 25 basis points," she said."They've signaled it extremely strongly."But she noted that the stronger than anticipated recent economic data could be a"bug in the ointment."
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