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Stock Market News: S&P 500 Set to Open Down After Fed Cuts Rates – Barron's

Fed Chairman Jerome Powell took the market ball away from Donald Trump. His comments did not derail the market's rally, but early Friday the market appeared poised for a pause. S&P 500 futures fell 0.1% and Nasdaq 100 futures fell 0.3%. Dow Jones Industrial Average futures rose 10 points, or less than 0.1%. As most […]

US Fed Cuts Interest Rates A Quarter Point After Trump Victory

Washington, USA: The Federal Reserve pushed forward with a quarter-point rate cut on Thursday, dismissing concerns about the impact of Donald Trump's election victory on interest rates. The Fed is located a short walk from the White House, and Democratic President Joe Biden plans to hand the keys back to him in January following the […]

Gold price surges above $2,700 as Fed cut rates weighed on US yields – FXStreet

Gold benefited from the Fed's dovish rate cuts and hints of flexibility in future policy direction. Investors are becoming cautious as Chairman Powell has suggested that rate cuts may be adjusted to changes in the labor market. The upcoming UoM consumer sentiment report and inflation expectations could further impact gold momentum. Gold prices rose above […]

Fed Cuts Interest Rates By A Quarter Point

The US Federal Reserve (Fed) on Thursday announced a second consecutive year of lower interest rate benchmarks, a move widely anticipated by investors. The Federal Reserve has announced that its target range for the federal funds rate (the rate at which interest rate banks charge each other to borrow their reserves) will be 4.50% to […]

Gold price hovers around $2,690 as Fed cut reinforces safe-haven appeal – FXStreet

Gold rose after the Fed cut interest rates by 25bps as expected. The Fed notes that risks are balanced, but there is economic uncertainty, supporting gold's appeal as a safe-haven asset. Powell's future comments could provide further insight into the Fed's interest rate path and economic caution. Gold prices held firm, rising more than 1% […]