The S&P 500, the Wall Street benchmark index that hit a record high of 5,882 last Thursday, is very likely to touch the 6,000 level before the end of...
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When the Federal Reserve cuts interest rates at its September meeting, as is now widely expected, Wall Street could hit fresh highs, predicts the CEO of a leading independent financial advisory and asset management organisation. The bullish prediction from Nigel Green of deVere Group comes as the July PCE, the Fed’s preferred inflation gauge, showed a sustainable trend of disinflation. “There’s really no way that the Fed isn’t going to cut rates in September. The question now is – how aggressively will they move?” asked Green, with his firm pushing for a supersized 50-basis point cut next month. “With rates
The S&P 500, the Wall Street benchmark index that hit a record high of 5,882 last Thursday, is very likely to touch the 6,000 level before the end of...
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