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  • 📰 SHARES OF SOCIAL MEDIA COS FALL AFTER REPORT PRESIDENT-ELECT DONALD TRUMP IS CONSIDERING SUSPENDING TIKTOK BAN ENFORCEMENT META PLATFORMS DOWN 0.8%, SNAP INC DOWN 2.8%
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📰 SHARES OF SOCIAL MEDIA COS FALL AFTER REPORT PRESIDENT-ELECT DONALD TRUMP IS CONSIDERING SUSPENDING TIKTOK BAN ENFORCEMENT META PLATFORMS DOWN 0.8%, SNAP INC DOWN 2.8%

January 16, 2025
Frank

SHARES OF SOCIAL MEDIA COS FALL AFTER REPORT PRESIDENT-ELECT DONALD TRUMP IS CONSIDERING SUSPENDING TIKTOK BAN ENFORCEMENT

META PLATFORMS DOWN 0.8%, SNAP INC DOWN 2.8%

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📰 S&P 500 OPENS UP 0.2%, NASDAQ GAINS 0.3%
📰 FED SEEN AS UNLIKELY TO HIKE Strong U.S. macro data and a hawkish Fed makes investors wonder how much higher Treasury yields could go, Bank of America economists write. The bank’s forecast for the 10-year yield this year is 4.75%, higher than the current level of 4.67%. The BofA economists say the benchmark yield could rise above 5%, depending on Fed’s reaction to inflation data, but it is unlikely to cross 5.25%. If the CPI goes against Fed expectations and rises, a hike could happen. “It is possible but is a high bar,” they write. They say 10-year rates around 5% “would be an attractive buy assuming CPI remains sticky or a little lower.”

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