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Stock market volatility has surged in recent weeks. Over the last 10 days, the S&P 500's average daily move was 1.02%, the highest since March 2023.
There wasn’t a single day that the S&P 500 moved more than 1% between June 6 and July 9, two days before a soft inflation report surprised…
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The Federal Reserve is widely expected to maintain its influential interest rate at its current 23-year-high level when officials make policy decisions on Wednesday.
Inflation moderated in the second quarter and the job market has continued softening, factors that will likely encourage the Fed to cut interest rates in the coming months.
Market…
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Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation.
However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts.
While inflation is likely to continue to trend lower, it likely won’t reach…