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WORLD

Fed Surprises Financial Markets, Won’t Rush to Cut Interest Rates

June 15, 2024
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U.S. inflation fell to 3.3% in May, boosting expectations for early interest rate cuts and supporting the stock market and President Joe Biden. Data released on Wednesday, June 12, 2024, a few hours before Federal Reserve (Fed) officials unveiled their plans for rate cuts this year, slightly missed economists’ expectations. The S&P 500 gained 0.9%, […]