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On February 17th, Federal Reserves John Goolsby stated that further interest rate cuts are possible this year if inflation continues to fall back to the 2% target level. Goolsby warned that service sector inflation remains high and indicated that policymakers would have room to maneuver if tariff-related price increases are one-off. "I think if this situation proves to be temporary, and we can demonstrate that we are on the path back to 2% inflation, I still think there could be a few rate cuts in 2026, but well have to wait and see," Goolsby said. He added, "I would like to see some evidence that rates are falling back to 2%, and then rates can continue to fall."
Paramount shares rose 9% as the company resumed negotiations with Warner.
Paramount shares are currently up 7.8%.
U.S. gold stocks fell, with Harmony Gold (HMY.N) down 6%, Gold Fields (GFI.N) down 4.6%, and Pan American Silver (PAAS.O) down 4.4%.
Iranian Foreign Minister Araqchi: The response to attacks on Iran will not be limited to Irans borders.