but offered mixed signs on what the move meant for future monetary policy.
Stocks had initially edged lower after the Fed announced at 1800 GMT that it planned a 25 basis point interest rate cut. "Let me be clear. I said it's not the beginning of a long series of rate cuts. I didn't say it's just one or anything like that," Powell said. "The bottom line is the market is concerned we might not be getting as many rate cuts as they thought."
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trade jitters running high at US companies ahead of new US-China talksNEW YORK (REUTERS) - Worries about the US-China trade war are running high during the current US quarterly reporting season, with companies as diverse as Juniper Networks and O'Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Trade jitters running high at US companies ahead of new US-China talksWorries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US stocks retreat as markets await Fed decisionNEW YORK: Wall Street stocks finished lower on Tuesday (Jul 30) as the Federal Reserve opened a monetary policy meeting amid strong consumer data ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »