News
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Fed Lowers Interest Rates by 0.25% and Hints at More Cuts in 2024
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Key Takeaways Fed lowers rates by 0.25%: The Federal Reserve reduced its key interest rate to a target range of 5.00 to 5.25%, marking the first change since last year. Hints at more cuts in 2024: Policymakers signaled openness to…
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US Dollar Rises as Fed Signals Smaller Interest Rate Cuts
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Key Takeaways Dollar climbs after Fed signals caution: The US dollar strengthened against major currencies following signals that the Federal Reserve will adopt a slower pace of interest rate cuts in 2024. Fed revises projections: Updated economic forecasts indicate the…
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US 10-Year Treasury Yields Climb to 4.1% on Fed’s Hawkish Signal
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Key Takeaways 10-Year Yield at 4.1%: US Treasury yields reached their highest level in weeks after the Federal Reserve’s latest statement. Fewer Expected Rate Cuts: The Federal Reserve signaled a slower pace for interest rate reductions due to ongoing inflation…
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US Retail Sales Data May Signal Shifts in Consumer Tech Spending
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Key Takeaways U.S. retail sales rose 0.1% in May, falling short of expectations and marking the lowest monthly increase since January. Major electronics and appliance store revenue dropped 1.5%, indicating growing caution in tech purchases amid economic uncertainty. Spending on…
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US Stock Futures Dip as Markets Eye Key Inflation Report
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Key Takeaways S&P 500, Dow, and Nasdaq futures each dipped around 0.2% in pre-market trading. The upcoming Consumer Price Index (CPI) report is expected to clarify whether inflation is easing enough for potential Federal Reserve policy changes. Investors paused after…
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Wall Street Debuts First U.S. Dogecoin ETF, Pushing Meme Coins Mainstream
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Key Takeaways First Dogecoin ETF launches on NYSE: Mainstream investors now have direct access to Dogecoin through a regulated exchange-traded fund. SEC approval signals policy shift: The U.S. Securities and Exchange Commission approved the product this week, reflecting a changing…
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Forex Volatility Surges Ahead of Key U.S. Inflation Report
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Key Takeaways Forex volatility reached multi-month highs as traders awaited the U.S. inflation report. The U.S. dollar strengthened against major currencies, reflecting investor caution ahead of economic data. Federal Reserve policy expectations shifted, with traders adjusting forecasts for potential rate…
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Federal Reserve Signals Possible Rate Cuts Amid Economic Shifts
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Key Takeaways Federal Reserve hints at rate cuts: The policy statement suggests possible interest rate reductions, citing softening inflation and labor market trends. Mixed and immediate market reactions: US stock indexes rose while the dollar declined, reflecting expectations of lower…
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U.S. Shutdown Risk Hits 54%: What It Means for Tech and Markets
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Key Takeaways Shutdown odds have risen to 54%, according to analyst estimates, up sharply from last month. Federal agencies overseeing cybersecurity, patents, and research grants may reduce or delay services, affecting both startups and established firms. Uncertainty over federal spending…
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SECโs ETF Delays Spark Ethereum Rally as Investors Diversify
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Key Takeaways SEC postpones Ethereum ETF decisions: U.S. regulators extended deadlines for spot Ethereum ETF proposals, prolonging uncertainty for issuers and investors. Ethereum price rallies despite delay: The SECโs move coincided with a notable increase in Ethereumโs value as traders…
