Federal Reserve cuts interest rates a quarter point
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Wall Street, Asia and Record
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Wall Street is stuck on pause as it waits to hear from the Federal Reserve in the afternoon, when the central bank is expected to deliver the first cut to interest rates of the year. The S&P 500 edged up 0.
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Fed leads interest rate-setting blitz with BoE, BoJ, and BoC also on deck this week
The Federal Reserve will announce its latest interest rate decision on Wednesday, leading a packed week of monetary policy decisions from four of the world’s
Japan’s stockmarket has broken out to new highs. Now, investors have yet another way to diversify their portfolios.
Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates.
No matter how much Trump hurts the American financial system and no matter how fat institutional investors get on dumping the dollar, they’ll still beeline for the US equity market for their biggest gains, another new phenomenon that superstar Reuters columnist Jamie McGeever calls long Wall Street, short US dollar.