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Stocks fall on news fed weighed cutting stimulus: Huffingtonpost

YEREVAN, May 23. /ARKA/. Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.

The release of minutes of the Fed’s April 30-May 1 meeting reversed a surge earlier in the day.

The Dow Jones industrial average fell 80 points to 15,307 Wednesday, a loss of 0.5 percent. It had risen 154 points after Fed Chairman Ben Bernanke told Congress it was too early to cut back on the Fed’s bond-buying program.

The Standard & Poor’s 500 fell 13 points to 1,655, or 0.8 percent. The Nasdaq composite fell 38 points to 3,463, or 1.1 percent.

Three stocks fell for every one that rose on the New York Stock Exchange. Volume was heavy at 4.3 billion shares. –0–

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Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

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