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Fed 'Made A Serious Error' In Keeping Rates Unchanged Before July Jobs Report: CIO
Friday, August 2, 2024 - 11:45am | 556The Federal Reserve should have lowered interest rates at Thursday’s meeting, according to economists reacting to the jobs report released on Friday. The Fed has kept its key interest rate between 5.25% and 5.5% as it looks for the inflation rate to fall to 2%. “The economy and the...
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US Stocks Struggle As Fed Sounds Hawkish; Oil, Treasury Yields Rise Further: What's Driving Markets Wednesday?
Wednesday, September 27, 2023 - 2:03pm | 1395It’s another red session for Wall Street on Wednesday, with signs of a bearish trend becoming increasingly apparent. The drivers behind the weakening risk sentiment continue to be the rise in crude oil prices, with WTI climbing to $93 per barrel, marking over a 3% gain in the session, and the...