Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
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Tag: interest rate cuts
US labor market remains stable; weather, strike distortions loom
October 3, 2024 – 6:48 AM PDT WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally…
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Fed expected to deliver quarter-percentage-point rate cut next week
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
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Fed’s Powell says ‘time has come’ to lower interest rates
Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.
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Fed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
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Dow Eclipses 40,000 For First Time Ever In The Stock Market
The Dow Jones Industrial Average hit the 40,000 point threshold for the first time ever on Thursday as investors on Wall Street were feeling timid over the idea of interest rate cuts.
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