Federal Reserve officials approved a 50 basis point interest rate cut at their September meeting to address concerns over the labor market and inflation, with only one member dissenting. Economic indicators since the meeting have shown a stronger labor market than expected, leading to expectations of future cuts being less aggressive. The decision to cut rates was described as a “recalibration” to align policy with recent economic indicators and promote sustained economic strength.
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Is Nu Holdings Stock a Buy Now?
Warren Buffett's Berkshire Hathaway is investing in Nu Holdings, a fintech company addressing the banking needs of a largely unbanked population in Latin America. Despite a recent 37% decline in stock value from its peak, Nu has experienced significant growth, with a 43% revenue increase and a doubling of customers since 2021. The company's strong unit economics and potential for developing customer loyalty suggest an attractive investment opportunity, especially at a forward price-to-earnings ratio of...
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