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Fed cuts rates, but Powell plays the Grinch
Fed chief Jay Powell said quarter-point cut was close call. (0:17) Dot plot sees fewer cuts and higher inflation in 2025. (1:14) Stocks plunge as yields, dollar rally. (2:48)Show Notes25 top picks for 2025Merck enters obesity drug race in pact with Chinese pharma HansohFind out more about Seeking Alpha's Virtual Analyst Reports here.
The skinny
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