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Puru Saxena: Fed holds Fed Funds Rate steady as election approaches

Puru Saxena: Fed holds Fed Funds Rate steady as election approaches
Fed holds Fed Funds Rate steady

The Federal Reserve has left the Fed Funds Rate unchanged.

Puru Saxena, an investment commentator and ex-fund manager, added that the outcome of the mid-term election in early November is expected to resolve another area of uncertainty affecting the stock market, and that market seasonality will also become positive.

Saxena has recently commented on a two-week period of heavy tech stock selling that he noted has often coincided with major market lows. He also described the AI sector selloff linked to CoreWeave's capital structure as illogical, suggesting that fundamental stocks in the space could see renewed interest. These observations come as investors look for signals amid rate and election uncertainties.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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