Wall Street indices near record highs amid weaker economic data; speculation rises on potential interest rate cuts.
400 characters: Wall Street's major indices remain near record highs despite weaker-than-expected economic data, sparking speculation on potential interest rate cuts later this year. Lower rates could boost equities and economic growth, but may also lead to inflationary pressures, affecting the economy in the long run. The market remains cautiously optimistic as it nears the Fourth of July holiday.
July 03, 2024
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