Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing. Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing. Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia Pacific stocks set to trade mixed as investors await Fed interest rate decisionInvestors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis points.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks open slightly lower as Fed begins two-day meetingStocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut...
Source: MarketWatch - 🏆 3. / 97 Read more »
Oil sheds gains, stocks dip as Fed comes into focusIn the US, gasoline prices jumped after crude oil futures spiked nearly 15 percent following weekend attacks on Saudi Arabian oil facilities.
Source: trtworld - 🏆 101. / 63 Read more »
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 »
Oil sheds gains, stocks inch lower as focus turns to FedOil shed some of its massive gains on Tuesday as the United States flagged the p...
Source: Reuters - 🏆 2. / 97 Read more »
Stocks open slightly lower ahead of Fed decisionU.S. stocks edged slightly lower at the opening bell Wednesday, as investors awaited the conclusion of a Federal Reserve policy meeting that's expected to... Art Laffer on FBN earlier in the month had said the Fed Rate to the 5 yr was out of whack and .50 basis points is more appropriate.
Source: MarketWatch - 🏆 3. / 97 Read more »