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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3 Monster Stocks in the Making to Buy Right Now
Investors looking for potential "monster stocks" should consider the biotech sector, which offers promising early-stage companies. Three Motley Fool contributors highlight CRISPR Therapeutics (NASDAQ: CRSP), Summit Therapeutics (NASDAQ: SMMT), and Viking Therapeutics (NASDAQ: VKTX) as stocks with significant growth potential. Explain It To Me Like I'm 5: Some smart people think there are special companies that make medicine, called biotech stocks, and they believe that CRISPR Therapeutics, Summit Therapeutics, and Viking Therapeutics could become really...
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