The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results.
Read More S&P 500, Dow rise on boost from big bank earnings
Tag: Austan Goolsbee
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.
Read More The Fed has cut rates amid stock swoons before. Not this time
Fed’s Goolsbee says he sees three rate cuts this year
Chicago Federal Reserve Bank President Austan Goolsbee said that he penciled in three rate cuts for this year.
Read More Fed’s Goolsbee says he sees three rate cuts this year
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Read More Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally