Rounding up top investing articles from around the web, including articles shared on Twitter.
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years (CNBC) The Federal Open Market Committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the labor market was weakening. It was the first interest rate cut since the early days of the Covid pandemic. “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance,” the Federal Reserve statement said. Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’ (CNBC) As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.” “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping them not so high that they’re problematic for the debtor,” the founder of Bridgewater Associates told CNBC’s “Squawk Box Asia.” Depression, anxiety, stress: 1 in 3 youth in S’pore has had very poor mental health, says IMH survey (Straits Times)
A significant proportion of youth in Singapore have experienced severe or very severe symptoms of depression, anxiety or stress, the first nationwide survey on youth mental health by the Institute of Mental Health (IMH) found.
Nearly a third of young people aged 15 to 35 reported symptoms that included feeling empty, tense or upset most of the