US stocks fall ahead of Fed decision on interest rates

  • 📰 ABC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW: U.S. stocks open down ahead of a highly anticipated decision from the Federal Reserve on interest rates.

Stocks moved broadly lower on Wall Street in early trading Wednesday ahead of a highly anticipated decision from the Federal Reserve on interest rates.

Investors largely expect the Fed to cut short-term interest rates by another quarter of a percentage point, following a similar cut in late July. That marked the first time in more than a decade that the central bank cut rates as it tries to shield the United States from the pain of a slowing global economy and the effects of the trade war with China.

Asian stocks were mixed. Export data from Japan show that the U.S.-China trade war is taking a toll on demand across the region. Japan said exports fell 8% in August, with declines in machinery, vehicles and chemicals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh boo hoo... the billionaires are upset

Rate cut means recession is here

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:

 /  🏆 471. in NG

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.

Cut and run: How U.S. stocks react in Fed easing cyclesNot all U.S. rate-cutting cycles are created equal, at least when it comes to ho...
Source: Reuters - 🏆 2. / 97 Read more »