According to Federal Reserve data, on June 12, the US federal funds effective rate was 3.62% with a trading volume of $110 billion, while on June 11, the effective rate was also 3.62% with a trading volume of $106 billion.
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Transportation stocks pullback offers buying opportunity? Citi optimistic about industry cycle improvement, upgrades XPO (XPO.US) rating to "Buy"
According to Jinshi Finance APP, Citi Research believes that the recent general pullback in the US transportation sector has made freight stock valuations attractive again. Analyst Ariel Rosa has therefore become more optimistic about the industry's outlook and has upgraded the rating of less-than-truckload (LTL) company XPO (XPO.US) from "Neutral" to "Buy," while also expecting the company to deliver strong performance in the third quarter.
Florida Attorney General files for temporary injunction against Meta
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