Investing.com– The Dow rallied Friday to a fourth-straight weekly win, supported by upbeat quarterly earnings from corporates and data showing cooling inflation that boosted hopes for a sooner interest rate cut.…
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The Personal Consumption Expenditures (PCE) price index, a key inflation gauge that the Federal Reserve closely monitors, showed only a modest increase in June. The core PCE inflation, which excludes…
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US stocks surge on signs of cooling inflation; September rate cut hopes alive
Investing.com– U.S. stocks rose Friday, helped by data showing cooling inflation, lifting the chances of interest rates cuts near term. At 06:0 ET (10:50 GMT), Dow Jones Industrial Average rose…
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Investing.com– Bitcoin price jumped on Friday, recovering some measure of losses this week as crypto markets awaited an address by Republican presidential nominee Donald Trump at the Bitcoin Conference this…
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Investing.com — Just as our premium users struck gold with our AI’s pick on Molina Healthcare (NYSE:MOH), which rallied 12.5% following a strong report on Wednesday after the close, two…
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Morgan Stanley analysts anticipate that the Federal Reserve’s upcoming July meeting will pave the way for a rate cut in September. They believe the Federal Open Market Committee (FOMC) will…
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Bank of America economists expect the Federal Reserve to maintain its policy rate unchanged in July while indicating that progress on reducing inflation has resumed. The Fed is optimistic about…
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Doesn’t matter who wins election, Fed will start cutting rates in September and proceed into 2025: Citi
The Federal Reserve’s path for monetary policy likely remains unaffected by the outcome of the upcoming U.S. presidential election or the composition of Congress, Citi economists said in a Thursday…
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BofA says we are ‘one bad payroll away from cracking’ Magnificent 7 dominance
Emerging markets (EM) equity funds saw their largest weekly inflow since February, and tech funds continued to attract positive flows, Bank of America (BofA) said in a new report. According…
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Tesla (NASDAQ:TSLA) stock has been downgraded to a Sell recommendation by Philip Securities analysts, who said there is “not much to like” about the electric vehicle (EV) giant following its…