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Fed Makes 1st Rate Cut Since 2020
US Fed announces large rate cut, but Wall Street wants more
The move was significant given that in July Powell said the Fed was not even considering a 50 basis point reduction.
Fed meeting today: Wall Street on edge over historic interest-rate decision
Let's get the basics out of the way: the Fed will announce its latest interest-rate decision at 2 p.m. Eastern, alongside the latest summary of economic projections (i.e., the dot plot). That will be followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m.
Wall Street rallies after Fed cuts rates 50 basis points
U.S. stocks shot higher on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the high side of estimates for its first cut in more than four years. Citing a "greater confidence" that inflation is moving towards the central bank's 2% target,
LIVE
26m
US Fed Meeting Live Updates: Wall Street flat ahead of Powell-led FOMC verdict, US dollar lower, gold rises
Jerome Powell-led rate-setting panel is widely expected to reduce the policy rate for the first time in four years after ...
16h
Wall Street Breakfast: Super Size Me?
Super Size Me? Cheers can be heard from the investing world as the much-anticipated Fed easing cycle finally begins. It's ...
Bloomberg L.P.
3d
Wall Street Strategists Say Growth Outweighs Fed for Stock Rally
The size of the Federal Reserve’s highly anticipated interest-rate cut this week is less relevant for equities than the health of the US economy, according to top
Wall
Street
strategists. The ...
1d
on MSN
Wall St set to open higher after retail sales data; Fed decision on tap
Wall Street's main indexes were set to open higher ahead of the Federal Reserve's monetary policy meeting, which starts on ...
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