Tag: percentage point
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Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump
(Bloomberg) -- Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so...
IMF lifts US growth forecast but marks down China; sees lackluster global economy
By David LawderWASHINGTON (Reuters) - The International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the U.S., Brazil and Britain but...
Tesla Stock vs. Microsoft Stock: Wall Street Says Buy One and Sell the Other
The S&P 500 (SNPINDEX: ^GSPC) has advanced 19% this year, and the Magnificent Seven stocks are responsible for nearly half of those gains. But...
BofA now expects Fed to go for 75-bp cut in Q4 after bumper rate reduction
(Reuters) - BofA Global Research raised its forecast for the Federal Reserve's anticipated interest rate cuts for the remainder of this year to 75...
Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
(Reuters) - The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a...