RPT-Wall St Week Ahead-U.S. fund managers brace for consumer slowdown

With expectations for slowing growth
escalating, U.S. fund managers are selectively avoiding stocks
in consumer companies as lofty valuations, concerns about
declining earnings estimates, and consumer confidence keep them
on guard.

Reuters: Company News


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Fed Leaves Rates Unchanged, Notes Slowdown In Business Investment Growth

After raising rates by a quarter point at its previous meeting, the Federal Reserve announced its widely anticipated decision to leave interest rates unchanged following a two-day meeting ending on Thursday. The Fed decided to maintain the target range for the federal funds rate at 2 to 2.25 percent.
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