Powerful shopper spending in spite of increased curiosity costs and stubbornly large inflation buoyed the U.S. financial state in the third quarter. But will it last?
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CNBC Each day Open: Is difficulties on the horizon?
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Fed holds key interest rate steady as economic view improves
The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader. Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The […]
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World
Trump is not worried by a weak dollar. Why the president and investors should be
Key Points The president has a long history of indifference to a falling greenback as it makes American goods cheaper to sell abroad, which could especially benefit U.S. multinationals. However, it also signifies diminished confidence in the U.S. as foreign investors grow wary over the country’s fiscal outlook. A weaker U.S. dollar isn’t concerning to […]
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World
Weak dollar winners: These stocks could get a boost if Trump keeps talking the greenback lower
President Donald Trump helped push the U.S. dollar lower on Tuesday after saying he didn’t mind a weaker greenback — a shift that could benefit certain stocks with big foreign sales. U.S. companies with large overseas businesses often get a boost when the dollar weakens. Not only are their businesses more hedged against a waning […]
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