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10 months ago
Federal Reserve
interest rates
stock market

Wall Street surges to records as Fed signals rate cuts

Wall Street surges to records as Fed signals rate cuts

TLDR

  • Federal Reserve cuts interest rates for the first time in over four years.
  • S&P 500, Dow, and Nasdaq reach new record highs following the rate cut announcement.
  • Fed projects additional rate cuts in 2024 and 2025.
  • Lower rates expected to boost economy and various investment markets.
  • Some analysts warn of potential inflationary risks from aggressive rate cuts.
1 year ago
Stock Market
Economy
Manufacturing

Stock markets suffer worst day since early August

Stock markets suffer worst day since early August
1 year ago
Stock Market
Economy
Manufacturing

Stock markets suffer worst day since early August

Stock markets suffer worst day since early August
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Latest news

10 months ago
Federal Reserve
interest rates
stock market

Wall Street surges to records as Fed signals rate cuts

Wall Street surges to records as Fed signals rate cuts
  • Federal Reserve cuts interest rates for the first time in over four years.
  • S&P 500, Dow, and Nasdaq reach new record highs following the rate cut announcement.
  • Fed projects additional rate cuts in 2024 and 2025.
  • Lower rates expected to boost economy and various investment markets.
  • Some analysts warn of potential inflationary risks from aggressive rate cuts.
1 year ago
Stock Market
Economy
Manufacturing

Stock markets suffer worst day since early August

Stock markets suffer worst day since early August
  • US stocks plummeted due to weak manufacturing data and tech sector struggles.
  • Nasdaq fell 3.3%, Dow Jones dropped 1.5%, and S&P 500 slid 2.1%.
  • Manufacturing sector shows signs of contraction, sparking recession fears.
  • Technology stocks, particularly semiconductors, faced significant declines.
  • August jobs report fell short of expectations, adding to economic concerns.
  • Federal Reserve expected to consider interest rate cuts in upcoming meeting.
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