Inflation Concerns and Middle East Tensions Drive Markets as Insider Trading Charges Announced
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Persistent inflation is concerning investors, with the Fed's preferred inflation gauge rising 2.5% in the past year. This could derail expected interest rate cuts.
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Hawkish Fed officials see fewer rate cuts in 2024 than previously expected. This signals rates may stay higher for longer.
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Jumping oil and gold prices are being driven by Middle East tensions and expectations of sustained inflation.
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Two brothers pleaded guilty to insider trading related to Donald Trump's social media company deal.
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A US review found Microsoft's security failures allowed Chinese hackers to breach senior US officials' accounts, which was preventable.