Despite the latest round of tariffs, the increasing likelihood of rate cuts in coming months bolstered markets | Business

Despite the latest round of tariffs, the increasing likelihood of rate cuts in coming months bolstered markets | Business

The surprise revisions to the nonfarm payroll data last week convinced investors that the Federal Reserve Bank will lower interest rates at its next meeting in September. Beyond that, expectations that at least two more rate cuts are in the offing sent stocks flying. The promise of a potential decline in interest rates outweighed the…

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