The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters pollTag: interest rate futures
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 timeWall Street climbs, lifted by Uber, Lyft and Nvidia
Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company.
Read More Wall Street climbs, lifted by Uber, Lyft and NvidiaWall Street ends mixed after job openings hint at cooling economy
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.
Read More Wall Street ends mixed after job openings hint at cooling economy