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Wednesday's climb toward a closing level above 48,000 in the Dow Jones Industrial Average was interrupted after Federal Reserve Chair Jerome Powell refrained from signaling that another interest-rate cut in December is on the way.
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The Federal Reserve cut interest rates by a quarter point for the second time this year, but the probability of a reduction at its next meeting fell after Jerome Powell, the central bank's chair, said that officials held "strongly differing views."
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