Tag Archives: point

Rate cuts likely at ‘some point’ this year: Fed’s Powell

Rate cuts likely at ‘some point’ this year: Fed’s Powell

Federal Reserve Chair Jerome Powell plans to tell House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said in a copy of his prepared remarks to the House Financial Services Committee. The group at the Fed… Source link

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Juniper Networks acquisition an ‘inflection point’

Juniper Networks acquisition an ‘inflection point’

Hewlett Packard Enterprise (HPE) is set to acquire hardware manufacturer Juniper Networks (JNPR) in a deal that is valued at up to $14 billion. HPE CEO Antonio Neri joins Yahoo Finance’s Seana Smith to discuss the networking company’s growth, especially in its cloud segment. “So there’s a lot of room to grow, but this is the first time in the company’s history that we will have all the capabilities to participate in the entire total addressable market,” Neri explains. “Generally speaking,… Source link

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