Fed&#x27s Mester however expects amount cuts this calendar year, but policies out May perhaps

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Cleveland Fed President Loretta Mester claimed Tuesday she however expects interest level cuts this 12 months but ruled out the up coming policy meeting in May.
Mester also thinks the lengthy-operate federal funds fee will be greater than the prolonged-standing expectation of 2.5%. As a substitute, she sees the so-called neutral or “r*” price at 3%.

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Tesla supplier CATL has potential beyond just batteries, analysts say

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Finance

Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss & more

July 11, 2025

Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]

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Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

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Key Points Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building. “This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC. The accusations represent another front on Trump’s ongoing campaign against Powell. Source