NewsWatch: Fed adopts ‘average inflation target’ of 2% as new policy

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MARKETWATCH FRONT PAGE

The Federal Reserve’s interest-rate committee on Thursday announced it has unanimously approved a new strategy seen as leasing to an easier monetary policy stance. See full story.

NBA players sit out Wednesday’s playoff games, other athletes follow their lead to protest Jacob Blake’s shooting

The Milwaukee Bucks and the Orlando Magic decided not play their game today in protest over the shooting of Jacob Blake in Kenosha, Wisc. All other teams slated to play on Wednesday then followed their lead. See full story.

Tesla and Apple have had a great run — here’s why they’re poised to ‘rocket’ even higher in the next year

Much of the buzz on Wall Street these days focuses on the idea that value is making a comeback. Tech stocks are running out of steam, can’t go on forever, time for new leadership, etc. But two recent stock splits suggest otherwise. See full story.

Pending home sales rise in July, but inventory challenges could limit the housing sector

Compared with a year ago, contract signings were up 15.5%. See full story.

The U.S. dollar is struggling. That should give a shot in the arm to global growth, Goldman Sachs says

The weak dollar could give a shot in the arm to global growth, say analysts at Goldman Sachs. See full story.

MARKETWATCH PERSONAL FINANCE

Even with interest rates at record lows, someone buying the typical home today will have a larger monthly mortgage payment than they would have if they bought a year ago. See full story.

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