• Fed 'insurance' cut gets cold shoulder from markets

    8 monthes ago - By CNBC

    The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.
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  • How major US stock indexes fared Wednesday

    8 monthes ago - By Chron

    Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve delivered an expected cut in interest rates.
    Stocks initially fell after the Fed announcement, which revealed central bank policymakers are divided about the upcoming path for interest rates. The market rebounded as Fed Chairman Jerome Powell said the Fed would be ready to take action if the economy weakened.
    On Wednesday:
    The S&P 500 index rose 1.03 points, or less than 0.1%, to 3,006.73.
    The Dow Jones Industrial Average gained 36.28 points, or 0.1%, to 27,147.08.
    The Nasdaq lost 8.62 points, or 0.1%, to...
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  • Federal Reserve Cuts Interest Rates A Quarter-Point

    8 monthes ago - By NPR

    The Federal Reserve cut interest rates by a quarter percentage point on Wednesday, in an effort to goose the slowing U.S. economy.
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  • S&P 500 ends slightly higher after Fed gives mixed signals

    8 monthes ago - By Reuters

    The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move.
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  • Here's Why the Fed is So Conflicted on Whether There's a Recession Coming

    8 monthes ago - By Fortune

    The Federal Reserve cut U.S. interest rates Wednesday by a quarter point in a move that was widely expected by the financial markets. The agency's policy makers, however, revealed a widening debate over whether further easing in interest rates were necessary to prevent the U.S. economy from slowing further.
    Stock and bond benchmarks traded erratically in reaction to the Fed's move. The Dow Jones Industrial Average intially tumbled on the news but recovered its losses to close up 0.1% at 27,147.08. The benchmark 10-year Treasury note also closed largely unchanged at 1.79%, although it...
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  • Sarah Foster: Fed cuts rates by quarter point, split on further reductions

    Sarah Foster: Fed cuts rates by quarter point, split on further reductions

    8 monthes ago - By Stl Today

    The Federal Reserve cut interest rates for the second time this year in an attempt to cushion the U.S. economy from trade tensions, slowing global growth and low inflation. The U.S. central bank voted Wednesday to reduce its benchmark interest...
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