Hello readers,
Today, the Federal Reserve's policy-setting committee announced the decision to leave its target range on overnight rates unchanged, in line with expectations. The committee's projections indicate a slightly more hawkish stance on inflation, with the likelihood of rate cuts throughout the year. This news buoyed investor sentiment, leading to stock market gains. The Dow Jones Industrial added 401 points, the S&P 500 rose 0.89%, and the Nasdaq increased by 1.25%, resulting in record closes for all three major indexes.
In other news, Nvidia unveiled its latest artificial intelligence systems, signaling a shift in its competitive landscape. Additionally, the ongoing saga between Huawei and the U.S. reflects the intricate dynamics of the tech war. These developments underscore the evolving nature of the global market and its impact on various sectors.
For more insights and in-depth analysis on these market movements and events, visit the links below.
Best regards,
Daniel Silva
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