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Dow, Fed
Biden says Fed made ‘declaration of progress’ with interest rate cut
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased.
Dow leaps to all-time high — then tumbles after Fed slashes rates by half-point
After surging as much as 375 points to an all-time high after the Fed announcement, the Dow turned negative in late trading as investors digested Fed Chair Jerome Powell’s comments. The blue chip index dropped 103.08 points, or 0.3%, to 41,503.10. It hit an intraday record of 41,981.97.
Key interest rate cut by 0.50, signaling end to Fed’s inflation fight
Watch live in this story at 2:30 p.m. ET as Federal Reserve Chairman Jerome Powell discusses the key interest rate decision.
17h
on MSN
Rally over? Homebuilder stocks’ big gains may have already priced in Fed rate cut
Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall ...
7h
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
Hosted on MSN
19h
How will Fed rate cut impact Indian economy? Here's what top govt officials speak
On Wednesday, the Federal Reserve cut its benchmark interest rate. It lowered its key rate to roughly 4.8 per cent.
51m
on MSN
Harris plans livestream with Oprah while Trump set to address Israeli-American group
Trump will be in Washington to address a “Fighting Anti-Semitism in America” evening event with Miriam Adelson, a co-owner of ...
12h
Stock market today: Wall Street rises toward records as jubilation sweeps markets worldwide
Wall Street is rising toward records as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut ...
1d
Miners boost ASX after Fed unleashes jumbo rate cut
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown ...
10h
on MSN
US 30-year fixed-rate mortgage falls to 6.09%
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal ...
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