The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
Read More Fed says more ‘confidence’ needed on inflation front before rate cuts can start
Tag: tightening cycle
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
Big investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-lived