Stocks edge higher on Wall Street
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Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.
World shares are mostly higher, with financial markets shrugging off U.S. tariff pressures on its trading partners
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Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
The prevailing sentiment surrounding AGNC Investment Corp. has turned quite bullish, but I believe the bulls have overlooked several key risks. Learn more on AGNC stock here.
The S&P 500 fell 0.8 percent, while the tech-heavy Nasdaq Composite slipped 0.9 percent, dragged down by losses in key technology stocks.
In Washington, the Senate narrowly passed the “One Big Beautiful Bill Act” on July 1 in a 51–50 vote, with Vice President JD Vance breaking the tie. The House passed the bill on July 3 in a 218-214 vote.
Airline industry sees record passenger growth, signaling strong demand and economic resilience. Read here for more analysis.