AP Photo/Richard Drew
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Federal Reserve Chair Jerome Powell said Wednesday rates are "just below" a neutral level.
- Wall Street rallied following his speech at the Economic Club of New York, with the Dow gaining more than 600 points.
- Trade tensions were also in focus ahead of a meeting between President Donald Trump and China's Xi Jinping.
- Follow the US indices in real time here.
Stocks surged Wednesday after Federal Reserve Chair Jerome Powell gave a speech received as more dovish than expected, lifting Wall Street to its best day in months following a series of bruising sell-offs in October and November.
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SEE ALSO: Powell says rates are 'just below' a neutral level, flags rising corporate debt as a risk
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