Market 11/07: FED Cuts Interest Rate 0.25%

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Key highlights:

• FOMC: FED cuts interest rate 0.25%

• Powell: Won't resign despite Trump's demand

• Unemployment claims lowest in 3 years

• Bank of England cuts interest rates 0.25%

• China exports surprisingly strongest in 27 months

• September wholesale sales surge

• Labor quality declines in Q3

• Best post-election trading session in history

• QCOM: Strong growth but litigation risks

• Market continues to hit new highs before and after FOMC