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S&P 500, Gold Strike All-Time Highs, Small Caps Rally After Fed Slashes Interest Rates For First Time In 4 Years (UPDATED)
2024 Sep 18, 2:55pm | 944Editor’s note: This story has been updated with additional information. Markets are bouncing Wednesday afternoon following the Federal Reserve’s decision to cut rates by 0.5%, marking the beginning of the central bank’s highly anticipated cutting cycle. What To Know: Wednesday...
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Federal Reserve Delivers Bold 0.5% Interest Rate Cut, Signals Further Easing Ahead (UPDATED)
2024 Sep 18, 2:47pm | 983Editor’s note: This story has been updated with additional details. The Federal Reserve slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%. This marks the first rate cut in over...
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Brazil Expected To Raise Interest Rates Hours After Fed Lowers Them
2024 Sep 18, 2:13pm | 489Brazil's central bank will likely raise interest rates for the first time in two years due to a heated economy and an above-target inflation outlook. In contrast, the U.S. central banking system just cut rates by a half percentage point Wednesday afternoon. Brazilian policymakers led by Roberto...
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Fed Credibility At Stake - Wall Street Positioned For 50 BPS Cut And Highly Dovish Comments
2024 Sep 18, 1:18pm | 1521To gain an edge, this is what you need to know today. Fed Credibility At Stake Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is near...
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Homebuilder Giants Lennar, PulteGroup Hit New 52-Week Highs As Rate Cut Closes In
2024 Sep 18, 1:00pm | 448Homebuilder stocks are hitting new highs as anticipation builds ahead of the Federal Reserve’s upcoming rate cut decision. Both Lennar Corp (NYSE:LEN) and PulteGroup, Inc. (NYSE:PHM) surged to 52-week highs on Sept. 18, with Lennar reaching $190.12 and PulteGroup hitting $141.43. The rally...
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Stocks Edge Lower As Fed Rate Decision Looms, Treasury Yields Rise As Odds Improve For Smaller Cut: What's Driving Markets Wednesday?
2024 Sep 18, 12:32pm | 645Wall Street is jittery hours before the highly anticipated Federal Open Market Committee (FOMC) meeting, with all major indices posting modest losses by midday in New York. While a Federal Reserve rate cut is considered a done deal, the market remains divided on the magnitude of the cut. Current...
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Single-Family Housing Starts Are Up As Mortgage Rates Decline, Fed Eyes Lower Rates
2024 Sep 18, 12:09pm | 565New construction on single-family homes in the U.S. jumped in August as mortgage rates trend downward and the Federal Reserve is expected to cut rates on Wednesday for the first time in four years. Single-family housing starts last month came in at an annualized rate of 992,000 units, up 15.8% from...
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20 S&P 500 Stocks That Move The Most When The Fed Starts Cutting Interest Rates
2024 Sep 18, 11:58am | 868Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate in over four years. The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59%...
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Fed Decision Is Here: 5 Things Investors Need To Know Ahead Of Wednesday's Pivotal Interest Rate Call
2024 Sep 18, 10:56am | 574“The time has come for policy to adjust.” With these simple words, Federal Reserve Chair Jerome Powell signaled at the Jackson Hole conference last month that interest rates are likely to be cut at the Fed’s September meeting. As the Federal Open Market Committee decision at 2 p.m...
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Fed Prepares For First Rate Cut, But Is It Too Late? Ed Yardeni Calms Recession Fears Amid Recent Strong Data
2024 Sep 18, 8:58am | 488Even as the Federal Reserve prepares to announce its first rate cut in the current monetary policy cycle, some have expressed fears that the move could be a little too late to keep the economy from slipping into a recession. Market strategist and President of Yardeni Research Ed Yardeni, however,...
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Is The Fed Playing With Fire? 'We See Greater Risk Of An Overheating Economy' As They Cut Rates, Veteran Investor Warns
2024 Sep 18, 8:44am | 734Three things in life seem certain as of Wednesday, Sept. 18: death, taxes, and the Federal Reserve’s announcing a cut to the fed funds rate at its imminent Federal Open Market Committee (FOMC) meeting. What remains uncertain is the size of the cut and its potential effects on the U.S. economy...
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Wall Street On Edge As Traders Look Forward To Fed's First Rate Cut In 4.5 Years: Strategist Says This Will Dictate How Stocks Perform Longer Term
2024 Sep 18, 6:41am | 1168The index futures are slightly higher early Wednesday as traders turn defensive ahead of the all-important Federal Reserve meeting of the year. As is characteristic of a Fed decision day, stocks could mostly move sidewards in a narrow range until the rate decision is announced. The trading...
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Kamala Harris Moves From 13-Point Deficit To 7-Point Lead Over Trump In Survey Of Fund Managers, Strategists And Economists: Here's Why Most Favor A Divided Government
2024 Sep 18, 4:05am | 661Vice President Kamala Harris, who replaced President Joe Biden on the Democratic ticket, has evinced confidence as the potential 2024 election winner, not only with the voters but also with the elite group which is well-versed with the pulse of the markets and economy. Likely Winner: Harris edged...
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Mohamed El-Erian Warns Markets Have Gone Too Far In Pricing Fed As 'Single Mandate' Central Bank, Highlights Potential Disappointment Awaiting Investors Looking Forward To Rate Cut
2024 Sep 17, 11:14pm | 644Ahead of the Federal Reserve’s upcoming rate decision, Mohamed El-Erian has highlighted concerns about the potential for disappointing interest rate cuts due to the Fed’s focus on employment. What Happened: El-Erian, chief economic adviser at Allianz, highlighted concerns over the...
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Bitcoin And Cryptocurrency Market Set For 'Biggest Bull Run Ever,' Says Trader, As Federal Reserve Interest Rate Decision Takes Center Stage
2024 Sep 17, 9:40pm | 742Ahead of the Federal Reserve’s upcoming rate announcement, prominent crypto trader Michaël van de Poppe has forecasted a significant bull run in the cryptocurrency market. What Happened: Van de Poppe stated on X, “Tomorrow is the big FED day and I think that we’re facing the...