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Stocks Rally on Softer Inflation and Strong Earning

                                      U.S. stocks surged in premarket trading today following softer-than-expected inflation data and upbeat fourth-quarter earnings reports from major companies. The Bureau of Labor Statistics reported that core inflation, which excludes food and energy prices, rose by 3.2% in December, below forecasts for a 3.3% annual increase. This news has raised hopes for a potential second rate cut by the Federal Reserve this year. Investors were also buoyed by strong earnings reports from leading financial institutions. JPMorgan Chase reported its highest annual profit on record, while BlackRock and Goldman Sachs posted impressive quarterly results. The positive sentiment was reflected in the stock market, with U.S. stock index futures soaring by 1.5-1.7%. The dollar fell by 0.5% against a basket of major currencies, and U.S. Treasury yields dropped 8.6 basis points to 4...
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Fed Expected to Keep Interest Rates Unchanged Amid Speculation of Future Cuts

 


The Federal Reserve is expected to keep its key short-term interest rate unchanged in the near future, according to recent reports. This comes as inflation is inching closer to the Fed’s 2% target, and policymakers are facing hopes that they will make a decisive shift in policy and cut interest rates next year.

The decision to leave interest rates unchanged is likely to be welcomed by investors, who have been concerned about the impact of rising interest rates on the economy. However, some analysts have speculated that the Fed may eventually cut interest rates in response to slowing economic growth.

In the meantime, the Fed’s decision to keep interest rates steady is expected to provide some stability to the markets. Investors will be watching closely for any signs of a change in policy, but for now, it appears that the Fed is content to maintain the status quo.


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