Fed Cuts Key Rate And Ends QT; Powell Up Next As S&P 500 Holds Gain (Live Coverage)

Published 1 week ago Positive
Fed Cuts Key Rate And Ends QT; Powell Up Next As S&P 500 Holds Gain (Live Coverage)
Auto
The Federal Reserve cut its key interest rate and said it will stop shrinking its balance sheet, taking two steps to ease restrictive policy. The S&P 500 remained higher on Wednesday afternoon as Nvidia continued to power higher. Chairman Jerome Powell will elaborate on the Fed policy statement and economic outlook in a 2:30 p.m. ET news conference.

Continue Reading

View Comments

More News

17 out of 18 Information Technology stocks deliver EPS wins this week: Earnings Scorecard

24 minutes ago Positive

Half of Holiday Shoppers Are More Likely to Complete Their Purchase With Buy Now, Pay Later Services

38 minutes ago Positive

Elon Musk Says Optimus Robot Will Replace Jobs and Enable Universal Income

52 minutes ago Positive

Cheers! Beer and Liquor Stocks on Sale With High Yields to 7.25%

56 minutes ago Positive

MOH FINAL DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Molina Healthcare, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MOH

1 hour ago Positive