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The First Slice for Thursday, December 14, 2023

The First Slice for Thursday, December 14, 2023

In a surprising turn of events, the U.S. stock market saw a significant surge, with the Dow Jones Industrial Average reaching a record close for the first time in nearly two years. This uptick in the market followed the Federal Reserve’s decision to maintain steady interest rates and outline a new trajectory for rates in 2024.

Federal Reserve Chairman Jerome Powell announced that interest rates have likely peaked in this economic cycle, which brought about a sense of optimism among investors. The Dow Jones Industrial Average soared past the 37,000 mark, marking a historic moment, and all three major indexes experienced gains of over 1.3%.

The Federal Reserve’s plan for potential rate cuts in 2024, as indicated by the new “dot plot,” suggests a growing consensus for three 25-basis-point rate cuts in the coming year. Powell emphasized that while the central bank believes it is near the peak in policy rates, close attention will be paid to inflation data, focusing on avoiding excessively high rates for an extended period.

This development has sparked discussions among economists and investors about the future direction of the economy, inflation concerns, and the impact of central bank policies on the financial landscape……..First-Slice-e1700879991202 The First Slice for Thursday, December 14, 2023[read more]

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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