Interest

Fed Interest Rate Cuts on the Horizon – Market Rally Continues with New S&P 500 Record

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NEW YORK – Traders took a breather after a surge of optimism led to the S&P 500 reaching a new record amidst speculation about potential interest-rate cuts by the Federal Reserve and a slowdown in inflation. This was further fueled by a premarket uptick from Amazon.com Inc., Nvidia Corp., and Tesla Inc. However, the overall market remained relatively quiet, with minimal movement in S&P 500 and Nasdaq 100 futures, US Treasuries, and the dollar. The …

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Inflation Slowdown Signals Fed Interest Rate Cuts in 2024

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New York, NY – The latest data on US inflation suggests a slowing trend as the year kicks off, pointing towards a more favorable environment for potential interest rate cuts by the Federal Reserve in the near future. Economists are forecasting a 3.7% increase in the core consumer price index for January, signaling the smallest year-over-year advance since April 2021. This is seen as a sign of progress in the Fed’s efforts to combat inflation. …

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Record Low Turnout: Nevada Primary Fails to Engage Voters as Traditional Caucuses See Voter Interest Fading

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LAS VEGAS, NEVADA – The first presidential primary in Nevada in decades had low voter turnout on Tuesday, with Democrats already having a large number of ballots through early and mail-in voting, while the Republicans looked ahead to their caucuses on Thursday. According to the Nevada secretary of state, only 3,800 Nevadans showed up at the polls in the first three hours of voting on Tuesday. President Joe Biden is facing little opposition in the …

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Interest Rates Expected to Remain on Hold as RBA Warned on Inflation Threat – Find Out What This Means for You!

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Sydney, Australia – The Reserve Bank of Australia (RBA) is expected to keep interest rates on hold amidst concerns over the threat of inflation. The RBA’s decision comes as the bank shifts to a neutral stance on interest rates, signaling a potential end to tightening measures. The cash rate will remain at 12-year high of 4.35%, in line with market expectations. Many analysts predict that the RBA will maintain its cautious approach to monetary policy, …

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Nvidia’s Magnificent Seven Stock Rallies After Powell Speaks on Interest Rates – Find Out Which Other Stocks Soared

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NEW YORK (AP) — Despite a late-session rally following comments from Federal Reserve Chair Jerome Powell on interest rates, the Dow Jones Industrial Average closed lower Monday. The market saw notable movement from companies such as Nvidia, Alphabet, and Apple, while fund manager Cathie Wood made strategic moves amidst a stock plunge. Tech giant Nvidia surged on the back of a price-target hike, while Google-parent Alphabet and Apple also saw gains. However, social media company …

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Interest Rate Announcement Spooks Markets: Stocks Swing, Dollar Rises, and Gold Weakened – What’s Next?

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TOKYO, Japan – Following Federal Reserve Chair Jerome Powell’s announcement that interest rates are unlikely to be cut before March, treasuries experienced a decline in Asia. The dollar also strengthened against most major peers. This statement led to a change in investor predictions for a rate cut in March by the Fed, dropping to around 20% from almost 40% on Thursday. This is due to economic resilience which reduces the likelihood of imminent policy easing. …

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Conflict of Interest: Fulton DA Accused in Trump Case Scandal – Find Out the Shocking Allegations and More

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Atlanta, Georgia – A motion filed by a defendant, Michael Roman, has brought to light allegations against Fulton County District Attorney Fani Willis and Special Prosecutor Nathan Wade, threatening to cast a shadow over a high-profile case involving the former president, Donald Trump. The motion alleges that Willis, due to her romantic relationship with Wade, has a financial interest in the case, calling for her disqualification from prosecuting it. Additionally, it claims that the felony …

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Matthew Vaughn Expresses Interest in Directing Supergirl Movie Starring Milly Alcock – DC Universe Coming into Greater Focus

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Los Angeles, CA – The DC Universe is expanding as James Gunn and Peter Safran confirm the casting of Milly Alcock as Supergirl in the upcoming “Superman: Legacy” film. This announcement sheds light on the development of the new superhero tentpole, “Supergirl: World of Tomorrow.” While the director for this new movie has not been determined, there are indications that Matthew Vaughn, known for directing “X-Men: First Class” and “Argylle,” may be considering the role. …

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