The Federal Reserve will cut interest rates, but the language will caution against expecting further assistance anytime soon.
The world's largest asset manager says it will increase exposure to U.S. equities as the AI trade broadens.
The Federal Reserve will be more cautious when cutting interest rates, said Chair Jerome Powell and his peers on the rate-setting Federal Open Market Committee (FOMC).
Fidelity International expresses concern about the lack of a clear path to slow the growth of U.S. public debt over the next four years.
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