Tag: Jerome Powell
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Wall Street’s New Era Off to Rocky Start Despite Big Fed Cut
(Bloomberg) -- Jerome Powell delivered exactly what traders up and down Wall Street had long hoped for: A big interest-rate cut that would justify...
Bitcoin Climbs With US Equity Futures as Traders Digest Fed Cut
(Bloomberg) -- Bitcoin hit a three-week high alongside a jump in US equity futures as an outsized Federal Reserve interest-rate cut rippled across markets.Most...
The stock market got just what it wanted from the Fed
The Fed just issued its first interest-rate cut in four years.Stocks immediately surged to record highs after the announcement before closing lower.Major indexes stayed...
Stock market today: Asian markets forge higher after Fed’s first rate cut in over 4 years
Asian markets forged higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual...
Asian Equities Brace for Fed Effect, Yen Slips: Markets Wrap
(Bloomberg) -- Asian equities braced for a tailwind from the Federal Reserve’s half-point rate cut and signs of further policy easing in the months...