Stocks churned after a rally that drove the market to its best week in 2024 as traders awaited more clues on the scope of potential rate cuts from the Federal Reserve. With the central bank approaching a crucial pivot point, it’s difficult to overstate how much attention financial markets will be paying. For starters, they’re looking for confirmation from Jerome Powell Friday that the Fed will lower rates in September. But more drama surrounds what happens after that and the pace of additional cuts over the next several months as the Fed confronts the dual risks to both inflation and employment. “Last week, investors ‘climbed […]
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