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But with the market already booming and the Federal Reserve under presidential pressure, a new cycle of lower rates could pour fuel onto a fire, our columnist says.
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The rate cut was the least of it.
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Palestinian journalists reported continuous fire in Gaza City, where hundreds of thousands remain. The Israeli military is effectively encircling the city.
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The Bank of Japan is kick-starting its two-day policy meeting, where it is expected by most economists to keep policy rates steady.
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