General Mills stock price is down 3.7%, while Federal Reserve plans to raise interest rates

From Nasdaq: 2024-12-18 10:44:34

rading down 3.7%. Year to date, General Mills has seen a 2.4% decrease in its stock price.

The Federal Reserve announced plans to raise interest rates for the first time in three years, signaling confidence in the economy’s recovery. The 0.25% increase is expected to have widespread impacts on borrowing costs and inflation rates.

In tech news, Apple unveiled its latest product, the iPhone 14, boasting improved camera features and battery life. The smartphone giant also announced plans to release a new MacBook model later this year, further expanding their product lineup.

In international news, tensions escalate between Russia and Ukraine as reports of increased military activity and troop movements surface. The US and NATO allies express concern over the potential for conflict, urging diplomatic solutions to de-escalate the situation.



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