Stocks rallied after the Fed hinted it could cut interest rates as soon as next month. Analysts were surprised by the Fed's stance given the US economy isn't in recession, and feared the bank could appear to have succumbed to markets trends and Trump demands. The Fed is"at a very serious risk of losing its credibility," says one analyst. View Markets Insider's homepage for more stories.
Stocks rallied after the Fed hinted it could cut interest rates as soon as next month. Analysts were surprised by the Fed's stance given the US economy isn't in recession, and feared the bank could appear to have succumbed to markets trends and Trump demands. The Fed is"at a very serious risk of losing its credibility," says one analyst. View Markets Insider's homepage for more stories.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Refinance now?
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year. draghi set up the bases loaded, Powell just needs to release the dovish statement for new ATHs and the grand slam. $SPY $SPX $QQQ $IWM
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks rally, bond yields plunge as Fed fuels rate cut hopesA gauge of global stock markets rose on Thursday while the dollar dropped and gl... Sounded like a very cautious FED to me. The only 'fuelling of rate cut hopes' was from the journos at the press conference trying to get Chair Powell to say something that was not in the June report, and sadly for them, he stuck to the written report. Fake News Monetary Policy is all fixed and the FED just proved it. Job market is good and economy is good so this cut is just for Wall Street, Big Banks and Big Companies. All these are in huge debt and they need low interest. If they had surplus they would want higher interest rates!!
Source: Reuters - 🏆 2. / 97 Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks gain, dollar weakens after Fed signals possible rate cutsWorld stocks held near two-week highs as investors bet on a wave of central bank stimulus Thanks Trump! thanks realDonaldTrump PromisesMadePromisesKept
Source: Reuters - 🏆 2. / 97 Read more »
Stocks approach record as Fed soothes Wall Street's fearsThe S&P 500 approached a record high on Wednesday after the Federal Reserve sign... Mary Thomas’s approaches seems spiteful amongst their own resolves
Source: Reuters - 🏆 2. / 97 Read more »