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Hopes for trade war truce, looser monetary policy may be in vain

Wall Street expects Fed chairman Jerome Powell to cut rates this week but the Fed board is likely to act with more restraint than its European counterparts.


STOCKS rallied to the brink of new record highs last week amid hopes that the trade war between the US and China was ending and the era of ultraloose monetary policy beginning again.

Some strategists warn, however, that these hopes are in vain. It may already be too late...

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