Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.
The Fed Keeps Cutting Rates — So Why Aren’t Mortgage Rates Going Down?
On Thursday, at the end of its November meeting, the Fed announced a reduction of 0.25 percentage points in the federal funds rate, or the rate at which banks lend each other money overnight. The move follows an initial cut of half a percentage point in September.
S&P 500, Nasdaq Falling. Trump Rally Stalls After Fed Cuts Rates.
Federal Reserve Chair Jerome Powell has taken the ball from Donald Trump for the market. While his comments didn’t derail the market rally, it looked to be ready for a pause early on Friday. S&P 500 futures were falling 0.
Powell Says Fed Will Likely Cut Rates Cautiously Given Persistent Inflation Pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Nasdaq, S&P 500 Futures Falling. Trump Rally Stalls After Fed Cuts Rates.
Federal Reserve Chair Jerome Powell has taken the ball from Donald Trump for the market and his comments look set to keep the risk-on rally running. Dow Jones Industrial Average futures were up 28 points,
Jerome Powell says Fed Isn't in Hurry to Cut Interest Rates
"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.
2-year Treasury note sells off further after Powell's patient stance on interest-rate cuts
Traders continued to sell off the 2-year Treasury note after 3 p.m. Eastern time on Thursday after Federal Reserve Chairman Jerome Powell indicated policymakers are in no hurry to cut interest rates.
Fed’s Powell: Rate cuts are still underway
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.
Fed’s Powell Says No Need to Hurry Rate Cuts With Economy Strong
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.
S&P 500 and Nasdaq extend rally after Fed cuts rates and hints at more ahead. Dow ends flat
The Dow ends flat but S&P 500 and Nasdaq add to their steep post-election gains after the Fed trims rates and hints at more ...
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More Fed Cuts Needed
On November 7, the Fed cut rates for the second time in this rate cut cycle, lowering the Fed Funds rate 25bp to 4.75% (chart below, darker red line). Fed Funds rate is well above “neutral ...
Nasdaq, S&P, Dow are mixed as traders assess Fed's rate cut
Wall Street's major averages were little changed on Friday, as investors seemed to take a breather from the post election ...
Dow Jones Today: Stocks Slightly Lower Ahead of Comments from Fed Chair Powell; Disney Soars After Earnings
Major indexes were slightly lower Thursday morning after a couple of lackluster days for the U.S. stock market that followed ...
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Ahead of Fed Decision, Big Earnings Wins for Forgotten Names
Both the Dow and the Nasdaq are +80 points at this hour ... All eyes will be trained, instead, on the announcement of Fed rate policy this afternoon at 2pm ET. Expectations are for a 25 bps ...