Wall Street drops after Fed chair dampens rate cut hopes

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Wall Street drops after Fed chair dampens rate cut hopes

Wall Street drops after Fed chair dampens rate cut hopes

  • TV-G
  • 2019
  • 1mins
The S and P 500 snapped its three-day streak of record high closes after Fed Chairman Jerome Powell dampened expectations the central bank could move later this year to cut interest rates. Fred Katayama reports.