U.S. Stocks Rally as Fed Cuts Rates, Projects Further Easing in 2024
U.S. stocks rose following the Fed’s decision, while Treasury yields and the U.S. dollar declined. The Fed expects another 50 basis points of rate cuts in 2024, with additional reductions in subsequent years. Inflation is still elevated, but the Fed has increased confidence it is moving toward the 2% target.
17-18 meeting. FED'S POWELL: ‘THE TIME HAS COME’ FOR INTEREST RATE CUTS Barkin said he was taking a "test-and-learn" approach to rate reductions, likely pointing to his support for an initial ...
For example, some sectors and industries historically outperform in lower-rate environments. If Fed rate cuts continue to occur as expected during the final months of 2024 and into 2025 ...
In a keynote address in August, Fed Chair Jerome Powell indicated the time had come for an adjustment, though he didn't specify when or how much. The CME Group, which tracks the probability of a ...
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the ...
But it’s also an expectation that is coming to fruition much later than the Fed and Wall Street expected in the beginning of the year. Fed officials and investors have long anticipated that ...
For release at 2:00 p.m. EDT September 18, 2024 Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up ...
Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, discussed factors affecting West Virginia's economy ...
Despite millions of dollar worth of business investment coming to West Virginia, a lack of housing remains a challenge for ...
Protecting against downside risks to the job market is one reason reductions in the Fed's benchmark policy rate are now all but certain to begin at the central bank's Sept. 17-18 meeting.
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