Category: signaled
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Stocks tanked after the Fed signaled fewer rate cuts next year. Here’s what Wall Street analysts see ahead.
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Federal Reserve Chairman Jerome Powell surprised the markets on Wednesday evening.Jacqueline Martin/AP The Federal Reserve cut its benchmark interest rate on Wednesday to between 4.25% and 4.5%. The central bank also predicted two cuts next year instead of four, sending stocks lower. Many analysts believe that the reaction is exaggerated.…