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Renewed U.S.-China trade tensions pose new downside risks to the economic outlook, making it more important that the U.S. central bank cut its benchmark interest rate, Federal Reserve Governor Stephen Miran said on Wednesday.
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Indian markets snapped a two-day losing streak as Fed rate cut hopes and earnings optimism lifted sentiment. The Sensex rose 575 points and Nifty gained 178 points, with banks, metals, and autos leading the rally amid strong FII momentum.
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