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Stocks, Fed and rate cut
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday.
Anticipated Rate Cut Leaves Wall Street Near Record High
Borrowing rates have already fallen in anticipation of a deeper cut in rates. The average 30-year mortgage rate dropped to 6.2% last week to the lowest level in 18 months and down from a peak of nearly 7.8%, according to the mortgage giant Freddie Mac.
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.
18h
on MSN
Wall Street dips after rate cut rally, dollar firms
Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the ...
2d
on MSN
Wall Street soars to records in a rate-cut rally that swept the world
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal ...
3d
Wall Street Has Its Eye on a Big Rate Cut
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve ...
23h
on MSN
Wall Street slips after rate cut rally, dollar steadies
Wall Street slid from the previous session's record highs and the dollar steadied on Friday as the market knuckled down to ...
1d
on MSN
Dow rallies 1%, S&P hits intraday record high as Fed kicks off rate easing cycle
Wall Street saw a rally with the S&P 500 hitting an intraday record high after the Federal Reserve initiated its easing cycle ...
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