The stock sell-off on Wall Street was considered “healthy” by finance professor Jeremy Siegel, as the Federal Reserve’s cautious projection on future rate cuts provided a “reality check” for investors. The Fed recently cut interest rates by a quarter percentage point, indicating that it may only lower rates twice more in 2025, leading to a significant market response with all major indexes sinking. Siegel expects the Fed to reduce the number of rate cuts next year, possibly even forgoing any cuts, as the FOMC raised its inflation forecast going forward.
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Sen. John Cornyn says the FBI granted his request to help find absent Texas Democrats
Sen. John Cornyn of Texas announced that the FBI will assist in locating state Democratic lawmakers who left Texas to obstruct Republican redistricting efforts. Cornyn expressed gratitude to President Trump and FBI Director Kash Patel for their support, asserting that lawmakers cannot evade their constitutional duties, despite an official's statement that federal agents would not be used for arrests. Want More Context? 🔎
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