The Federal Reserve is anticipated to reduce interest rates this week after keeping them at a two-decade high. While most forecasters expect a...
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Maroc - Times of India - Business - Aujourd'hui 00:59
US stocks dip despite larger Fed interest rate cut
Wall Street stocks experienced a slight decline after the Federal Reserve announced an unexpected half-percentage-point interest rate cut. Fed Chair Jerome Powell emphasized a careful approach to further cuts while noting progress in reducing inflation. Major US stock indices saw minor losses, with the Dow Jones, S&P 500, and Nasdaq Composite all falling.
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