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Fed Meeting Minutes: Market Believes US Overall Economy Remains Resilient
Summary: According to sources, the Federal Reserve released the minutes of its July meeting, mentioning that recent stock price increases and narrowing credit spreads indicate that the market believes the US overall economy remains resilient; however, financial markets seem to have begun differentiating companies based on their profit size and quality. The S&P 500 index continues ...
According to sources, the Federal Reserve released the minutes of its July meeting, mentioning that recent stock price increases and narrowing credit spreads indicate that the market believes the US overall economy remains resilient; however, financial markets seem to have begun differentiating companies based on their profit size and quality.
The S&P 500 index continues to be valued above long-term average levels, mainly due to optimistic expectations of the potential benefits for large tech companies from further applications of artificial intelligence (AI). However, the valuation of small-cap stock indexes, while rising during the intermeeting period, remains below historical average levels.
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Link: Fed Meeting Minutes: Market Believes US Overall Economy Remains Resilient [Copy]
