Fed rate cut not likely next week, but possible in September: Peter Cardillo

July 26, 2024

Peter Cardillo from Spartan Capital Securities pointed out that China’s economic struggles might lead to an unexpected half-percent rate cut by the Fed in September. Despite soft tech earnings from Alphabet and Tesla, the overall market showed strong performance, driven by a 2.8% GDP growth and consumer spending amid lower inflation.

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Brainbees Solutions Q2 Results: FirstCry operator narrows loss to Rs 50 crore YoY, revenue jumps 26%

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