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flag Markets soar as Israel and Iran announce ceasefire, despite Fed's no-rate-cut stance.

flag Global markets rose and oil prices fell after a ceasefire was announced between Israel and Iran, easing investor concerns about a broader conflict. flag Despite Federal Reserve Chair Jerome Powell indicating that there will be no near-term interest rate cuts due to fears of inflation, stocks climbed, with the Dow gaining 374 points. flag However, uncertainty remains over the ceasefire's sustainability and potential Iranian cyberattacks.

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