Wall Street flat ahead of Fed rate decision
U.S. stocks were little changed on Wednesday as investors awaited a widely anticipated interest rate cut by the Federal Reserve and clues on whether it would inaugurate further monetary easing.
U.S. stocks were little changed on Wednesday as investors awaited a widely anticipated interest rate cut by the Federal Reserve and clues on whether it would inaugurate further monetary easing.
U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest indication of benign inflation that could allow the Federal Reserve to cut interest rates on Wednesday for the first time in a decade.
U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, extending an uneasy truce between the world's two largest economies for at least a month.
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General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.
U.S. stocks treaded water on Wednesday, as investors awaited an almost certain cut in interest rates by the Federal Reserve and hints on whether it could open the door to further easing in monetary policy.
"The president is very intent on getting the stock market up," says the legendary investor.
"We have not really added anything new to a lot of things we have," the Omega Advisors chief says.
JPMorgan Chase & Co , the largest U.S. bank by assets, lowered its prime rate for the first time in more than a decade on Wednesday, following a rate cut from the Federal Reserve.
Wall Street had a mixed reaction on Wednesday after the expected interest rate cut by the U.S. Federal Reserve, the first in a decade, failed to impress investors.
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The U.S. dollar index jumped on Wednesday by 0.23% to 98.272 after the Federal Reserve cut interest rates by 25 basis points for the first time since 2008.
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed.
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed.
Borrowers will have a lot of boxes to check before they can get the $20,000 in student debt forgiveness on the table in Kamala Harris' newly released plan.