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Is the US Stock Market’s Current Rally Justified?

Sue Miller
Is the US Stock Market’s Current Rally Justified?

The sudden rally in the market was driven by Federal Reserve Chair Jerome Powell's dovish comments last week that “the Fed will act as appropriate to sustain the expansion.” A CNBC article stated that market traders think there's a 70% chance of an interest rate cut in July and a ~60% chance of three rate cuts in 2019.