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19 hours ago · Donald Trump criticized the Fed and central bank chairman Jerome Powell following a hotter-than-expected inflation report, returning to a recurring theme of his 2024 campaign.
- Wall Street falls after inflation, jobless claims data - Yahoo Finance
Wall Street opened lower on Thursday as hotter-than-expected...
- Wall Street falls after inflation, jobless claims data - Yahoo Finance
19 hours ago · US FEDERAL Reserve chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labour market holds up. Powell described the move as a recalibration aimed at making sure the labour market remained strong at his press conference after officials reduced the benchmark lending rate by a half percentage point to a range of 4.75 to 5 per cent.
1 hour ago · Federal Reserve Chairman Jerome Powell during a news conference at the Federal Reserve in Washington, D.C., on July 31. Roberto Schmidt / AFP - Getty Images file.
19 hours ago · Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting. The Dow Jones Industrial Average fell 75.96 points, or 0.18%, to 42,433.87, the S&P 500 lost 15.88 points, or 0.27%, to 5,776.16 and the Nasdaq Composite lost 69.40 points, or 0.38%, to 18,222.22. After the ...
19 hours ago · 10 Oct 2024 11:06PM. NEW YORK :Global stocks slipped for the first time in three sessions while shorter-dated U.S. Treasury yields dipped as slightly higher than expected U.S. inflation data and a ...
4 minutes ago · The banks also expect the Fed's balance sheet to bottom out at $6.4 trillion, well above the $4.2 trillion mark seen before the coronavirus pandemic struck in early 2020, according to a survey of ...
16 hours ago · Chair Jerome Powell and other Fed officials have indicated support for anticipated reductions as outlined in the dot plot, an unofficial forecast shared after the September meeting. The minutes emphasised that the decision to approve the 50 basis point cut was made "in light of progress on inflation and the balance of risks" concerning employment conditions.
