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A sharp sell-off in mega-tech stocks dragged down the Nasdaq and the S&P 500. However, a cooler-than-expected inflation update suggested a nearly certain 25 basis points (bp) Federal Reserve rate cut in September. Learn how despite the tech slump, the …
Traders continue to watch the Federal Reserve’s indications regarding potential rate cuts. Despite new forecasts for monetary policy that include an interest rate reduction in 2024, market expectations remain firm for the first cut in September, followed by another in …
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