The Federal Reserve announced a quarter-point reduction in its key interest rate on Tuesday, lowering it to a range of 4.00% to 4.25%. This marks the first rate cut since December of last year.
Read More Federal Reserve cuts interest rates, suggests more reductions to come
U.S. job growth fought back in November with strong payroll gains after the poor October jobs report reflected labor disruptions due to hurricanes and union strikes.
Read More November Sees U.S. Job Growth Of 227K, Surpassing Projections
Retailers are in for a mixed holiday season this year, marked by watchful consumers keeping big spending on a tight leash and vigilantly comparing prices on their mobile phones.
Read More Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
Read More Tech market values jump in September on Fed rate cuts, AI optimism
Inflation rose once again in the month of August, causing stir from an outsize rate cut from the Federal Reserve when it meets next week.
Read More Report: Inflation Rises 2.5% In August, Lowering Hopes For Big Rate Cut From Fed
Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July.
Read More Stocks hold firm as US inflation data keep rate cut hopes alive