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Fed Announces 0.25% Rate Cut
Wall Street Climbs on Earnings and Fed Rate Cut Expectations
U.S. stocks were mixed on Thursday as investors waited for the Federal Reserve's decision on interest rates, due later in the day.
Most of Wall Street rises after the Fed cuts interest rates
JPMorgan Chase fell 4.3%, a day after banks decisively led the market on expectations that a stronger economy and lighter regulation would mean fatter profits. It and Goldman Sachs were the biggest reasons for the Dow’s slight loss.
US Fed Meeting Live Updates: Wall Street cheers Fed rate cut, US election results; S&P, Nasdaq close at record high
Jerome Powell-led FOMC voted unanimously to slash the benchmark interest rate by 25 bps to 4.50 - 4.75 per cent in the seventh policy decision for 2024.
Hosted on MSN
2d
Wall St set to open flat as rally from Trump win, rate cut cools
(Reuters) -
Wall
Street
was set for a muted open on Friday, as a rally powered by a sweeping Trump win and an expected ...
3d
Wall Street Lunch: Chairman No
Powell says president removing Fed chairman 'not permitted under the law.' FOMC cuts rates by 25 basis points as expected.
NBC New York
4d
Asia-Pacific markets mixed after Fed rate cut boosts Wall Street rally; China's NPC in focus
Overnight in the U.S., the S&P 500 and Nasdaq rose Thursday, extending a rally after Donald Trump's victory in the U.S.
3d
on MSN
Norges Bank Holds Key Rate Steady, Says Cut Remains Unlikely This Year
Norway’s central bank held its key policy rate at 4.5%, in line with expectations, as a weak krone continues to threaten efforts to bring inflation down.
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