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Stock impact report

Prothena Corporation plc (PTRA): Positioning Among Top Debt-Free Stocks [Yahoo! Finance]

Prothena Corporation plc - Ordinary Shares (PRTA) 
Last prothena corporation plc - ordinary shares earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.prothena.com
Company Research Source: Yahoo! Finance
Debt has always been the fuel driving many companies in the equity markets. Access to cheap capital when interest rates were at all-time lows of 0.25% saw most companies in the S&P 500 bolster their balance sheet to finance various operations, including research and development and recurrent expenditure. However, during the Federal Reserve's meeting on July 30-31, 2024, interest rates were kept unchanged at 5.25% – 5.50%. Officials noted that inflation is nearing its target, potentially allowing for future rate cuts. “The Committee judges that the risks to achieving its employment and inflation goals continue to move into better balance,” the Federal Open Market Committee stated. Chair Jerome Powell mentioned that a rate cut could be possible in September if inflation continues to ease. READ ALSO: 15 Most Feared Activist Hedge Funds and 10 Highest Paying Monthly Dividend Stocks To combat inflation, the rate was raised 11 times between March 2022 and July 2023. Amy Hubble, princ Show less Read more
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