Fed Signals Plan to Slow Rate Cuts, Sending Stocks Lower
Powell called Wednesday's cut a close call. Officials penciled in just two cuts next year after previously indicating four reductions.
Dow Industrials Fall 1,100 Points After Fed Interest-Rate Decision
Officials penciled in fewer cuts than expected, sending major indexes lower.
Why stocks and bonds slumped - and market volatility soared - after Fed meeting
Stocks and bonds sold off after the Federal Reserve ended its policy meeting Wednesday with a new set of economic projections that pointed to a potentially slower pace of interest-rate cuts next year than previously forecast.
BOE Likely to Hold Interest Rates After Fed Cut. How It Affects the U.S. Dollar.
The Bank of England move will highlight divergences among the world's biggest central banks going into 2025.
Trump Sinks Bipartisan Spending Deal, Demands Streamlined Bill
President-elect floats idea of pairing revised legislation with raising the debt ceiling, after many Republican lawmakers, urged by billionaire Elon Musk, piled scorn on a bipartisan deal.
Dow Tanks as Powell Sends Shockwaves. This Is No Time To Panic.
Investors should brace for more declines as the market keeps flushing out excesses.
New Zealand's Economic Recession Continues But Recovery on Horizon
New Zealand's economy contracted sharply in the third quarter, extending a bleak period of sustained recession for the South-Pacific nation, but most economists agree that the wheels of change are in motion and the outlook for 2025 will be substantially brighter.
Higher U.S. Tariffs Would Have Uncertain Impact On Eurozone Inflation, Says ECB's Lane
Larger tariffs on imports from Europe would weaken economic growth in the eurozone but inflation could either slow or accelerate, the ECB's chief economist said.
Cocoa Surges Past $12,000 on Supply Concerns
Prices have more than doubled since the start of the year, as severe droughts resulted in poor harvests in Ghana and Ivory Coast-the world's biggest producers of cocoa beans.
U.S. Crude Oil Stocks Fall Less Than Expected
U.S. crude-oil inventories fell for a fourth consecutive week, but the decline was smaller than analysts had forecast.
(END) Dow Jones Newswires
December 18, 2024 21:00 ET (02:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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