Wall Street had another big day with the Dow and S&P 500 hitting another intraday record high, just a day after the Federal Reserve cut interest rates by half-a-percentage point and forecasted that more cuts could be coming.
Read More Wall Street: Dow Skyrockets To All-Time High After Fed Delivers Rate Cut
Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.
Read More Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
The Federal Reserve cuts interest rates for the first time in 4 years; and the Teamsters Union declines to endorse a presidential candidate for the first time since 1996. One America’s Zach Petersen has The Scoop.
Read More The Scoop 9/18/24
At their meeting on Wednesday, the Federal Reserve cut its benchmark interest rate by a half percentage point, satisfying investors who had been expecting a strong move given the weakening employment picture.
Read More Federal Reserve Meets, Decides To Cut Interest Rates Before 2024 Election
The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported.
Read More Fed Cuts Interest Rates By 0.5%; First Cut In Four Years
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath