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Powell's Press Conference Sparks Record Highs Amid Rate Cut

9/22/2025

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Summary

Story summary

Federal Reserve Chair Jerome Powell held a press conference on Sept. 17, 2025, about rate policy.
Personal Consumption Expenditures price index for August 2025 is expected to show inflation at or below 2.8%.
Yields on 10-year and 30-year Treasurys rose after the rate cut, while Standard & Poor's 500 index and Dow Jones hit record highs; Nasdaq rose 2.2%.

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Story summary

Federal Reserve Chair Jerome Powell held a press conference on Sept. 17, 2025, about rate policy.
Personal Consumption Expenditures price index for August 2025 is expected to show inflation at or below 2.8%.
Yields on 10-year and 30-year Treasurys rose after the rate cut, while Standard & Poor's 500 index and Dow Jones hit record highs; Nasdaq rose 2.2%.