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US DoJ is expected to drop the criminal investigation into Fed Chair Powell, ABC reports citing sources; potentially as soon as Friday

The potential decision by the DOJ to halt the criminal investigation into Fed Chair Powell could be interpreted as a vote of confidence in his leadership, which might reassure markets regarding continued Fed stability.

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US DoJ is expected to drop the criminal investigation into Fed Chair Powell, ABC reports citing sources; potentially as soon as Friday

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If confirmed, this outcome may influence risk sentiment positively across equities and fixed income, as it removes a layer of uncertainty surrounding Federal Reserve governance. Traders should monitor the market reactions closely, particularly in USD and equities, as the news breaks.

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