-
Bank Stocks Hit Inflection Point After Fed's 50 Basis Point Cut, Analyst Reveals Top Picks
2024 Sep 19, 8:24am | 1080The Federal Reserve's decision to reduce interest rates by 50 basis points on Wednesday has set the stage for a notable shift, particularly in the banking sector among mid- and small-cap banks. With rates expected to drop further over the next two years, JPMorgan analyst Steven Alexopoulos believes...
-
Wall Street Primed For Relief Rally As Traders Eye Jobless Claims, FedEx Earnings After Fed's 50 Basis-Point Cut: Strategist Says These Stocks Will Gain Edge In First 6 Months Of Rate Cut
2024 Sep 19, 6:53am | 1608U.S. stocks look set for a relief rally after the market failed to sustain the upward momentum set in motion by the 50 basis-point cut announced by the Federal Reserve on Wednesday. The index futures point to a sharply higher opening on Thursday. Given the central bank’s focus on labor market...
-
Analyst Predicts Energized Crypto Market After Fed's Decision: Says Bitcoin, Ethereum, And DeFi Set To Rally Amid Anticipation Of Further Rate Cuts: 'The Bull Market Has Started'
2024 Sep 19, 6:07am | 894Michaël van de Poppe, a well-known cryptocurrency analyst, says there is a beginning of a bull market after the Federal Reserve's recent decision to cut interest rates. What Happened: According to his post, van de Poppe is bullish on Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and decentralized...
-
Billionaire Ray Dalio Warns Fed Faces Tough Road Ahead Balancing Interest Rate Cuts And 'Enormous' US Debt Amid $1 Trillion In Interest Payments This Year
2024 Sep 19, 5:51am | 578Billionaire investor Ray Dalio has highlighted the difficulties faced by the U.S. Federal Reserve as it navigates interest rate cuts amid a heavily indebted economy. What Happened: On Thursday, Dalio the founder of Bridgewater Associates said that the Fed must balance keeping interest rates high...
-
Jim Cramer Predicts No 'Huge Run' For Tech Stocks After Federal Reserve Cuts Rate: 'It Got Out Of The Wish Game A Very Long Time Ago'
2024 Sep 19, 4:25am | 645Amid the Federal Reserve’s recent decision to cut interest rates, CNBC’s Jim Cramer has weighed in on how these changes might affect the technology sector. What Happened: Cramer discussed the Federal Reserve’s recent interest rate cuts and their implications for the technology...
-
Mike Johnson Says Fed Chair Jerome Powell Admitted Biden-Harris Immigration Policies Have Raised Unemployment And Are 'Harming American Workers' — Elon Musk Amplifies Discussion
2024 Sep 19, 12:43am | 701Speaker Mike Johnson (R-La.) claimed on X that Federal Reserve Chairman Jerome Powell admitted President Joe Biden and Vice President Kamala Harris‘ administration’s immigration policies are contributing to higher unemployment rates. Powell’s comments were made during a...
-
Bitcoin And Ethereum Euphoria Built Around Rate Cuts Could Be Ruined By Retail Traders, Says Crypto Data Intelligence Platform
2024 Sep 18, 9:55pm | 624The Federal Reserve implemented its first rate cut since March 2020. The move aimed to combat inflation and economic concerns. What Happened: The rate cut was widely anticipated, with an 85% likelihood leading up to the announcement. This anticipation led to a bullish reaction in both...
-
Interest Rates In Free-Fall: What It Means For Mortgages, Credit Cards And Your Wallet As The Federal Reserve Springs Into Action For First Time In 4 Years
2024 Sep 18, 4:28pm | 740The Federal Reserve cut interest rates for the first time in more than four years on Wednesday, opting to lower the rates by 50 basis points to a range of 4.75% to 5%. Here's a look at what the rate cuts could mean for consumers. What Happened: The Federal Reserve's decision to cut interest rates...
-
Powell Defends 0.5% Interest Rate Drop As 'Right Thing For The Economy,' Doubles Down On Fed's Cautious, Data-Driven Approach
2024 Sep 18, 3:32pm | 698Federal Reserve Chair Jerome Powell defended the decision to cut interest rates by 50 basis points Wednesday, calling it “the right thing for the economy” to support a strong labor market and prevent undue harm. The Fed’s large rate cut, which brought interest rates down to the 4....
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...