6 months ago
Federal Reserve
interest rates
stock market
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
1 year ago
Stock Market
Economy
Manufacturing
Stock markets suffer worst day since early August
Latest news
6 months ago
Federal Reserve
interest rates
stock market
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
- 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.