Tag: Jerome Powell
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Something big is happening in the housing market: What Fed rate cuts will actually do
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.Most Read from Fast CompanyOn Wednesday, Fed Chair Jerome Powell announced that the...
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...