| Autor: |
Goldfarb, Sam (AUTHOR) |
| Předmět: |
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| Zdroj: |
Wall Street Journal - Online Edition. 9/19/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
The Federal Reserve's decision to cut interest rates by half a percentage point led to a volatile day on Wall Street, with stocks ultimately closing lower. The rate cut was more aggressive than investors had anticipated, reflecting concerns about a cooling labor market and easing inflation. While stocks initially climbed after the decision, they later fluctuated between small gains and losses. Some experts view the rate cut as a positive move that should benefit the stock market going forward. The decision marks the first rate cut since 2020 and is part of the Fed's efforts to bring down inflation without triggering a recession. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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