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Stocks Set New Records, Fed Cut Coming? | What You Missed 5/15
Posted
May 15, 2024
Views
726
Likes
12
Engagement
1.65%
May 15, 2024
726
12
1.65%
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2:11Now PlayingWall Street traders sent stocks to all-time highs as bond yields slumped after an inflation slowdown reinforced bets the Federal Reserve will cut interest rates as early as September. The S&P 500 notched its 23rd record in 2024 as data showed the consumer price index cooled for the first time in six months. Wall Street’s “fear gauge” — the VIX — sank toward the lowest since December.
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