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The key passage from Powell`s testimony.........>

FED
FED: The key passage from Powell`s testimony acknowledging a July cut is likely:
- "Many FOMC participants saw that the case for a somewhat more accommodative
monetary policy had strengthened. Since then, based on incoming data and other
developments, it appears that uncertainties around trade tensions and concerns
about the strength of the global economy continue to weigh on the U.S. economic
outlook. Inflation pressures remain muted."

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