The Wall Street economist who nailed the Fed’s ‘joyous’ rate cut sees the same thing again
"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market.
In the market, traders are pricing in about 70 basis points worth of easing by the end of the year — and nearly 2 percentage ...
Strategas chairman and CEO Jason Trennert reacts to the Federal Reserve slashing rates ahead of the election on 'Maria ...
Traders in Asia will also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from ...
Wall Street's main indexes jumped at the open on Thursday, with the S&P 500 notching an intraday record high after the ...
Investors are facing the busiest quarterly rebalancing in about four years on Friday in a shake-up that could affect roughly $250 billion worth of stocks, according to a team of equity analysts at ...
The Federal Reserve has issued its first interest rate cut in four years, kicking off an easing cycle that is already making ...
By Stella Qiu SYDNEY (Reuters) -Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest ...
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