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Stocks Mixed as Traders Anticipate June Rate Cuts Amid Stable Inflation
Stocks Mixed as Traders Anticipate June Rate Cuts Amid Stable Inflation
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U.S. equities showed divergent performance as investors positioned for potential Federal Reserve rate cuts later this year. The Dow Jones Industrial Average edged up 0.23% to 41,414, while the S&P 500 and Nasdaq Composite slipped 0.23% and 0.30% respectively.
Market participants largely expect the Fed to maintain current policy at this week’s meeting, but LPL Financial’s Jeffrey Roach suggests officials may lay groundwork for three potential rate reductions in June, October, and December. The forecast comes despite inflation holding stubbornly at 2.39%, slightly above the central bank’s target.
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