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The Federal Reserve announced Wednesday that it will leave interest rates unchanged. However, recent signs of economic growth and cooling inflation are paving the way for a widely anticipated September rate cut, which is welcome news for Americans struggling to keep up with sky-high interest charges. “Consumers should feel pretty good about the U.S. economy,”
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Municipals were steady, underperforming U.S. Treasuries after the Federal Reserve held rates, as expected. Equities ended up. Wednesday was about setting market participants up for a policy change in September, said Jeff MacDonald, executive vice president and head of fixed-income strategies at Fiduciary Trust International. The muni yield curve has “remained stubbornly inverted” throughout most
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Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024. Elijah Nouvelage | Afp | Getty Images “Building up the middle class will be a defining goal of my presidency,” Vice President Kamala Harris said at a political event in Atlanta on Tuesday evening. “When our middle
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The Palestinian Ministry of Health has declared an epidemic of polio, after Israel’s devastating assault decimated Gaza’s health, water and sanitation infrastructure, leading to an outbreak of the viral disease. On Monday, health officials called on Israel to immediately halt its offensive in order to combat the spread of polio by restoring access to potable
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close video Microsoft vs Google is the ‘battle of the ages’ for AI: R ‘Ray’ Wang Constellation Research founder R’ Ray’ Rang weighs in on the competition between Microsoft and Google over A.I. dominance and the technology’s impact on the markets. Artificial intelligence (AI) chatbot Google Gemini refuses to answer questions about the failed assassination
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The city of Gary, Indiana, has its sights on bonds for several projects in a planned revitalization effort. Bond financing is likely for the Gary Metro Center station redevelopment project, and the construction of a convention center in Indiana’s Lake County. Notre Dame’s School of Architecture is working with the city on the revitalization, conducting
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Municipals were little changed Tuesday as U.S. Treasuries were firmer and equities were mixed toward the end of the session. Muni yields remain near levels seen at the start of summer last year, said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities. Yields may move lower after the Federal
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