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Investors in the stock market's AI trade can thank Fed chairman Jerome Powell for Thursday's risk-on surge in tech, according to Wedbush analyst Dan Ives. "The Fed finally ripped the band-aid off ...
Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented Wednesday against ...
Jeanna Smialek transcript Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point ...
The tech-heavy Nasdaq surged 2.5%. "Stocks are exploding higher as markets absorb the Fed's outsized rate cut," Adam Crisafulli of Vital Knowledge said in a note to investors. Lower interest rates ...
The "Fed put" is back, and stock investors may not be fully pricing in the good news, according to Fundstrat's head of research Tom Lee. The prominent stock bull pointed to the idea that central ...
The Fed’s first rate cut lopped 50 basis points off its policy rate, bringing it down to a range of 4.75%to 5%. While that was a bold move, it also leaves short-term rates relatively high.
This story was updated to add new information. WASHINGTON — In the end, the Fed decided to go big. The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday ...
Here’s what else to know about the trends in mortgage rates: The Fed’s decision on Wednesday to slash its benchmark interest rate by a higher-than-usual half percentage point was already ...