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John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.'
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Global stocks in meltdown as Wall Street bails out of crypto and AI: ‘The bubbly is on ice' FortuneDow closes about 500 points higher in big market rebound after steep sell-off this week CNBCStocks rise to cap wild week on Wall Street NBC NewsStock market today: Dow, S&P 500, Nasdaq futures pause with Wall Street set to end roller-coaster week Yahoo Finance
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Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
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