Stocks hold gains after Fed statement

NEW YORK -U.S. stocks were higher on Thursday after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.

Markets had almost fully priced in a 25-basis-point rate cut for the November meeting and will now eye commentary from the central bank for guidance about the path of monetary policy. "Elections have consequences and we could see a marginal improvement in growth relative to their forecasts, but also a marginal increase in inflation relative to their forecasts. That would call for a more gradual pace of rate reductions."

Data earlier on Thursday showed U.S. weekly jobless claims rose marginally last week, suggesting no material change in labor market conditions.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asia stocks muted as Trump rally cools; Fed, China stimulus in focusAsia stocks muted as Trump rally cools; Fed, China stimulus in focus
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Futures higher after stocks soar on Trump win; Fed ahead - what's moving marketsFutures higher after stocks soar on Trump win; Fed ahead - what's moving markets
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Live Coverage: Fed set to slash rates, shake Gold, Stocks US Dollar, after Trump's victoryHow inflationary are tariffs? Where will interest rates go next? The Fed is set to cut rates by 25bps, amid uncertainty about Trump's policies.
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »