11 November 2024
There is no economic data of note expected Monday, but investors will be awaiting inflation readings due out later in the week. Ticketmaster parent Live Nation and food and facility service provider Aramark are among companies reporting earnings on Monday.
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8 November 2024
The FEDERAL RESERVE finally cut interest rates by 25 basis points to 4.50% - 4.75% on Thursday, as expected, noting that the labor market has generally eased, while Inflation is moving towards the 2% target and economic activity also continues to expand at a solid pace, as well as confirming that price pressures have made progress.
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7 November 2024
Bitcoin hit their All-Time-High and the US Dollar posted its biggest daily surge in 4 years after DONALD TRUMP WAS ELECTED US PRESIDENT. The landslide victory of Trump, 78, hit long-term US Treasuries and revived the “Trump Trades”; rising yields anticipated that Trump would raise tariffs as he had promised, thereby increasing the US deficit and inflation and causing the Federal Reserve to cut interest rates less than it should.
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6 November 2024
Investors are feeling jittery as recent polls show DONALD TRUMP and KAMALA HARRIS in a tight presidential race, with the outcome likely to determine trade and tax policy over the next 4 years.
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5 November 2024
Investors prepared for a crucial week in which Americans will elect a new president and the Federal Reserve will announce its interest rate decision. Presidential candidates DONALD TRUMP and KAMALA HARRIS both struggled to gain the upper hand in the final day of a very tight race.
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