Tag: basis points
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Why a 25bps cut is easier for Powell to defend than a 50
Shortly after the Federal Open Market Committee reveals its decision on interest rates, Fed Chairman Jerome Powell will answer questions from reporters.Former Wall Street...
Stock market today: Stocks close mixed as investors gear up for major Fed rate decision
Indexes were mixed Tuesday after the S&P 500 touched a fresh record high intraday.Investors are waiting for the Federal Reserve's interest rate decision on...
Mortgage and refinance rates today, September 17, 2024: Rates fall before the Fed meeting
Mortgage and refinance rates are down across the board today. According to Zillow data, the national average 30-year mortgage rate is down nine basis...
Stock-market reaction up for debate as bets on a big Fed rate cut refuse to die
It was supposed to be settled by now.The Federal Reserve is virtually certain to deliver an interest-rate cut when it concludes its policy meeting...
Stock Rotation Is Back on Bets Fed Will ‘Go Big’: Markets Wrap
(Bloomberg) -- Wall Street traders revived prospects for a half-point Federal Reserve rate cut next week, spurring a rotation into stocks that would benefit...