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Stock Indexes Decline as Fed's Rate Cut Projections Uncertain
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Overview
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U.S. stock indexes, including the S&P 500 and Dow industrials, experienced a decline, marking the end of a nine-session winning streak. The Nasdaq Composite also eased 1.5% on the same day. The Federal Reserve's projections of at least three rate cuts next year led to a shift in investor expectations. FedEx reported weakening demand and lowered its revenue forecast, while General Mills reported a drop in sales due to softening demand for snacks and breakfast foods.
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How might the decline in demand for snacks and breakfast foods affect the overall economy?
How might the uncertainty surrounding the Federal Reserve's rate cut projections impact the stock market?
What strategies can investors employ to navigate the declining stock market?
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