U.S. equity benchmarks on Thursday were nearing all-time highs, a day after the Federal Reserve trimmed interest rates for the second meeting in a row.
Here’s how S&P 500 index SPX, +0.00% has usually performed during the past periods in which the Fed has implemented a pair of rate cuts. One month later after, a pair of rate cuts, the S&P 500 tends to be up 1.56% higher on average and 1.74% during successive cuts. The market has climbed in three of the past five periods in which the Fed cut rates twice .
Steven G. DeSanctis, equity strategist at Jefferies, said not all rate cuts are created equal. Notably, this current series of interest-rate reductions have been billed by the Fed and others as “insurance cuts,” intended to dampen the harmful effects of a yearlong dispute over import duties between China and the U.S. that has threatened to amplify a global economic slowdown.
What on earth possessed whoever posted this asinine photo.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US stocks fall ahead of Fed decision on interest ratesNEW: U.S. stocks open down ahead of a highly anticipated decision from the Federal Reserve on interest rates. Rate cut means recession is here Oh boo hoo... the billionaires are upset
Fuente: ABC - 🏆 471. / 51 Leer más »