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Market by Martin |
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Brought to you by at Compass |
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New and Noteworthy |
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Why The Stock Market Has Risen Even With No Fed Rate Cuts The Federal Reserve has disappointed investors this year, but no matter. The markets have adjusted. Even without any interest rate cuts so far in 2024 and with the likelihood of just one meager rate reduction by the end of the year the stock market has been purring along. That’s quite an achievement, given the expectation in Jan that the Fed would trim rates 6 or 7 times in 2024. (Full Story) |
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Inflation Falls To 3.3% In May In Boost To Markets US inflation fell to 3.3% in May, raising expectations of early interest rate cuts and delivering a boost to the stock market and the Biden administration. The data, issued hours before Federal Reserve officials outlined their plans for rate cuts this year, was marginally below economists’ expectations. (Full Story) |
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