US inflation fell to 2.4% in September, with core inflation rising to 3.3%. Investors anticipate a 90% chance of a quarter-point interest rate cut in November, following the latest data. Jobless claims also exceeded expectations, presenting a mixed economic picture weeks before the presidential election.
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Got $1,000? Here Are 2 Fantastic Stocks to Buy Right Now.
For those looking to invest in the stock market, Nvidia (NVDA) and Taiwan Semiconductor Manufacturing (TSM) are recommended stocks, with a suggested holding period of three to five years to realize potential gains. Both companies are capitalizing on the significant growth in artificial intelligence, with Nvidia's GPUs being crucial for AI models and TSMC producing chips for various competitors. Management forecasts indicate Nvidia's revenue could increase significantly over the next five years, while TSMC anticipates...
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