The Federal Reserve is almost certain to raise interest rates for a fourth time on Wednesday when it announces its decision at 18:00 GMT. A 75 basis-point hike is the likely scenario, but several investors are bracing for a possible bigger 100-bps increase, having been wrongfooted by central banks one too many times lately. Even […]
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Many Americans have been trading down. That’s what some retail leaders, including Walmart and McDonald’s, have talked about. “We drove positive transaction counts and unit volumes, and we’re gaining market share in grocery and general Read more…
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