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The Federal Reserve cut interest rates for the first time in years as inflation keeps cooling

The Federal Reserve cut interest rates for the first time in years as inflation keeps cooling

Erica Groshen, senior economics advisor at Cornell University and former vice president of the Federal Reserve Bank of New York, warned, however, that interest rates may not return to pre-pandemic levels, in part because the Fed is in the process of reducing its balance sheet.


Dow dives 600 points amid tech weakness and renewed economic worries

Dow dives 600 points amid tech weakness and renewed economic worries

In contrast, Super Micro Computer rebounded, gaining 2% after the company reassured customers and partners in response to a critical report from Hindenburg Research.