S&P expects fewer Fed rate cuts next year
S&P said it expects the FOMC to cut rates by 25 basis points at this week's meeting and is cautious about future easing. The Fed's revised economic projections are expected to see the federal funds rate reach 3.5-3.75 per cent by the end of next year, up from a previous estimate of 3-3.25 per cent. This adjustment reflects the fact that economic growth is more resilient than previously understood, the persistent excess of inflationary impulses, and the upside risks to inflation expectations posed by the policy preferences of the new administration.
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Smart ring manufacturer Oura (OURA.US) IPO reportedly oversubscribed by about 4 times
According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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Subscription multiplier reaches 4 times! "AI Ring" Oura IPO receives enthusiastic response
Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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