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Fed signals three rate cuts in 2024 despite inflation
Fed officials maintain three 2024 rate cuts while keeping the benchmark rate unchanged at over 2 percent. Powell notes January and February inflation did not fundamentally alter the outlook as inflation cools gradually. The economy is projected to grow 2.1 percent this year, spurring a Wall Street rally with the Dow hitting a new high.
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Federal Reserve
Wall Street
Jerome Powell
Fed
RTN
Root Inc A
ROOT
Mmtec Inc
Dave Inc
DAVE
Lufax Holding Ltd
CRDF
Cardiff Oncology Inc
Beyondspring
BYSI
Lantern Pharma Inc
LTRN
Ocean Biomedical Inc
OCEA
Velo3d Inc Vld
Sezzle Inc Seil
Starrett Scx
Ranpak Holdings Corp Pack
Cenovus Energy Cve
Imperial Oil Ltd
IMO
XOM
Exxon Mobil Corp
Equinor Asa Adr Eqnr
PowerFleet Inc
PWFL
Altice USA Inc
ATUS
IHS Holdings Ltd
IHS
Li-Cycle Holdings
LICY
Arg Inc
NuScale Power Corp
FED Funds
Fed/Hermes Muni
Wealth