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The Last Penny

New Fed-speak sinks stocks... Rate cuts aren't a certainty... Warren Buffett's 'worldly wisdom'... The last penny... It's not trivial... How to beat government-driven inflation...


It's a 50/50 shot now...

It turns out, more rate cuts really are "not a foregone conclusion," as Federal Reserve Chair Jerome Powell warned last month.

A handful of Fed members have been making public appearances this week, and the general tone around rate cuts is one of pause – even among some Fed members who were previously in favor of more cuts.

San Francisco Fed President Mary Daly said today that the decision about a rate cut at the Fed's next meeting is "premature."

Meanwhile, Minneapolis Fed President Neel Kashkari said, "We have inflation that's still too high running at about 3%."

And yesterday, Boston Fe

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