The Fed Does Not Need to Rush to Cut Rates

The market wants bigger profits Someone call the vice principal to enforce discipline! The markets are blackmailing the Federal Reserve again. Economic data earlier this week dashed market hopes that the Fed might cut interest rates by 50 basis points. Consumer Price Index The Consumer Price Index (CPI) was in line with expectations, but core […]

Investor hopes high for bigger interest rate cut, sending Dow near all-time high

The Dow Jones Industrial Average was nearing an all-time high as expectations of a big interest rate cut by the Federal Reserve next week suddenly rekindled. Stock and bond traders on Friday grew increasingly believing the Fed could cut interest rates by 50 basis points (half a percentage point) after The Wall Street Journal reported […]

Dow nears record as hopes for bigger Fed rate cut revived

The Dow Jones Industrial Average rose more than 400 points on Friday, approaching an all-time high, as investors reassessed the possibility of further interest rate cuts by the Federal Reserve next week. The Dow Jones Industrial Average rose 379 points, or 0.9%, to 41,476 in recent trading. It closed at a record high of 41,563.08 […]