Revolutionising IT workflows is imperative in today’s fast-paced digital landscape. By incorporating AI-powered technologies, businesses can streamline processes, increase efficiency, and improve overall productivity. Embracing these advancements is essential for staying competitive and meeting the growing demands of the modern IT landscape.
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Federal Reserve cuts rates but ‘hawkish’ forecast hits stocks and sends dollar jumping
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...
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