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Fed Pivots to Rate Cuts as Inflation Heads Toward 2% Goal

(Bloomberg) The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneTesla Recalls 2 Million Cars to Fix Autopilot Safety FlawsCitigroup Offers Partial Early Bonuses to Encourage Staff DeparturesArgentina’s Milei Devalues Peso by 54% in First Batch of Shock MeasuresCOP28 Nat

Fed Starts to Confront the Next Big Question: Why to Cut Rates

Fed Starts to Confront the Next Big Question: Why to Cut Rates
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Biggest blowout in bonds since the 1980s sparks everything rally

US Consumer Prices Rise at Brisk Pace for Second Straight Month

US Consumer Prices Rise at Brisk Pace for Second Straight Month
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Asia Stocks Set to Follow US Gains on Rate Outlook: Markets Wrap

Asia Stocks Set to Follow US Gains on Rate Outlook: Markets Wrap
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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