Father mourns 22-month-old daughter, calls her death a ‘brutal murder’ after mother charged with child neglect2 hours agoSJC wants to continue its half-cent sales tax, increase property tax to support schools, teachers. What do you think?
“Markets barely reacted to the Fed’s 50 rate cut, on balance, and our base case is that further cuts won’t move the needle too much either,” Thomas Mathews of Capital Economics said in a commentary. The momentous move by the Fed helps financial markets in two big ways. It eases the brakes off the economy, which hasunder the weight of higher rates, and it gives a boost to prices for all kinds of investments. Besides stocks, gold and bond prices had already rallied in recent months on expectations that rate cuts were coming.and appears to be heading toward 2%, the Fed says it it can turn more of its attention toward protecting the slowing job market and overall economy.
“We think this is timely. But I think you can take this as a sign of our commitment not to get behind,” Powell said in a press conference following the Fed’s announcement.” The 10-year Treasury yield eventually rose to 3.70% from 3.65% late Tuesday. The two-year yield, which more closely follows expectations for Fed action, edged up to 3.62% from 3.60% late Tuesday.
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