Stocks Rally Ahead of Fed Decision; Bank of Japan Hikes Rates First Time in 17 Years
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Wall Street closed higher Tuesday ahead of the Fed policy decision, with the Dow up over 300 points and the S&P 500 gaining 0.6%. Attention is on any clues about future rate cuts.
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The Bank of Japan ended its era of negative interest rates with its first hike in 17 years to 0.1%, pulling back on aggressive stimulus measures.
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Microsoft announced DeepMind co-founder Mustafa Suleyman will lead a new AI organization, as big tech races for talent.
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The Senate may pose challenges for legislation to ban TikTok, with its history of stymying Big Tech reforms from the House.
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Increasing numbers of investors see a "no landing" scenario where above-trend economic growth and inflation persists, versus recession fears.