Federal Reserve officials decided to maintain interest rates at 4.25% to 4.5%, with potential future cuts later in the year, citing the need for clarity on economic plans including tariffs. Fed chair Jerome Powell emphasized the need for patience and adaptation during a press conference, while predicting higher unemployment and slower economic growth in 2020. Despite expectations for no change, experts noted the Fed’s cautious approach amidst uncertainty surrounding trade policies and inflation effects, with future rate movements dependent on economic developments in the next three months.
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Up 40% in 2025: Is It Too Late to Buy Palantir Stock?
Palantir (PLTR) has defied the trend of declining tech stocks, rallying over 40% year-to-date amidst a challenging market influenced by tariffs and trade wars. The company, known for its data analytics platforms Gotham and Foundry, has experienced growth despite a slowdown in revenue increase, turning profitable in 2023 and achieving a 29% revenue boost in 2024, bolstered by its U.S. commercial business and AI tools. However, high valuations and potential impacts from government spending cuts...
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