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Federal Reserve signals rate cuts for 2024, sparking a market rally
Federal Reserve chair Jay Powell sent his clearest signal yet on Wednesday that the US central bank was done with two years of tightening monetary policy and would begin cutting rates in 2024, sending Wall Street's benchmark index closer to…
Jay Powell is under pressure to present a plan for US rate cuts
Federal Reserve Chair Jay Powell is facing a difficult balancing act to maintain flexibility within the US central banks policy plans, despite intense pressure from the US government to reveal the date and amount of interest rate cuts…
Dollar at 3-month low after Fed official signals rate fall
Investors are increasingly confident that US Federal Reserve will begin cutting interest rates in mid-2024. The dollar has hit a low of three months on Tuesday.
US currency fell 0.5 percent against a basket containing six currencies to…
WeWork’s bankruptcy is expected to be the end of WeWork.
WeWork, a flexible workspace provider that plans to file bankruptcy as soon as next week. This is a dramatic turn of events for a company once valued at $47 Billion.
The Wall Street Journal broke the story first, and shares of the…