The Federal Reserve's "time has come" remark, global stock indices hit new highs in response
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On August 23, Eastern Time, Powell stated at the Jackson Hole Global Central Bank Annual Meeting that "the time has come" and issued the clearest signal of a rate cut in September to date. After Powell's remarks, global stock markets hit historic highs, with the MSCI ACWI index (global all-country index) rising over 9% since its low on August 5
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