MT Newswires on MSN17h
Dow, S&P 500 Close at Record Highs
The Dow Jones Industrial Average and the S&P 500 closed at all-time highs Thursday, a day after the Federal Reserve decided to lower interest rates by 50 basis points. The Dow rose 1.3% to 42,025.2, ...
Interest Rates & Inflation: Bank Rate Held At 5% In Battle Against Persisent Price Rises
Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 0.5% percentage point cut by t ...
The Fed Rate Cut, Puncturing The Phillips Curve Myth
The echo chamber of prominent economists have tried over the years to fit the Phillips curve to reality. Ditch the Phillips ...
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he Fed’s Pivot After 2.5 Years… Proactive Response Amid Recession Concerns
On the 18th, the Federal Reserve (Fed) implemented a ‘big cut,’ reducing the benchmark interest rate by 0.50 percentage ...
Factbox-How investors buy gold and what drives the market
Gold hit a record high above $2,600 per ounce on Friday, as the prospect of more U.S. interest rate cuts and global ...
Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic ...
Mercedes-Benz shares slump as carmaker slashes earnings guidance on China weakness
Mercedes Benz Group AG (ETR:MBGn) slashed its earnings outlook on Thursday as the luxury automaker grapples with softer ...