The Federal Reserve cut interest rates by a quarter of a percentage point to 4.25-4.5%, signaling a slower pace of easing in 2025, which led to a strong dollar and a sell-off in US and international stocks. Fed officials projected fewer rate cuts next year due to concerns about lingering inflation, with Wall Street stocks falling sharply after the decision. Fed chair Jay Powell noted that inflation was stable and risks to the labor market had decreased, while most officials expected the policy rate to fall to 3.25-3.5% by the end of 2026.
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This Underrated AI Stock Could Deliver Huge Returns by 2030
The introduction of ChatGPT has shifted perceptions of Alphabet (NASDAQ: GOOGL, GOOG), as its market share in digital advertising and Google Search fell below 90%. Despite this, investors remain optimistic about Alphabet's potential for significant growth over the next five years, indicating confidence in the company's future. Want More Context? 🔎
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