Fed’s Kashkari Says Stronger Economy Could Mean Fewer Rate Cuts
Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected.
Stock market today: Asian shares mixed after US Fed cuts interest rates
Asian shares opened higher but ended Friday mixed after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy. Oil prices fell while U.S. futures edged higher. Markets in Hong Kong and Shanghai fell as investors awaited much-anticipated steps by Beijing to rev up the slowing Chinese economy following a meeting of the legislature’s Standing Committee “If Beijing delivers,
Stock market today: Asian shares gain after US Fed cuts interest rates
Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy. Oil prices fell while U.S. futures edged higher. Regional investors were watching for much-anticipated steps by Beijing to rev up the slowing Chinese economy as the top body of the national legislature wrapped up a meeting this week.
Stock market today: Wall Street adds to its big gains after the Fed cuts interest rates
U.S. stocks are ticking higher Thursday after the Federal Reserve cut interest rates for a second straight time, just as investors had expected.
Stock market today: Wall Street rises after the Fed cuts interest rates
U.S. stocks are rising Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 was up 0.9% in late trading, adding more to its surge from the day before following Donald Trump’s presidential victory.
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Dissatisfaction with the economy drove voters to the polls. And Donald Trump was viewed as the change candidate.
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Investors may want to consider selling gold to pursue faster growth opportunities or keeping it as a safety net.
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