The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday.
The Wall Street economist who nailed the Fed’s ‘joyous’ rate cut sees the same thing again
"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market.
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve ...
Wall Street jumps to record highs as global markets cheer Fed rate cut.
Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest rate cut in the United States, ...
The Federal Reserve has issued its first interest rate cut in four years, kicking off an easing cycle that is already making ...
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