[ad_1] Wall Street experienced a significant downturn on Wednesday, driven by mounting concerns that the recent inflationary pressures are not merely temporary disturbances but a persistent trend. The S&P 500 saw a decline of 0.9%, with a vast majority of stocks within the index following suit. The Dow Jones Industrial Average dropped by 422 points,…
[ad_1] In an impressive display of resilience, the S&P 500 and the Dow Jones Industrial Average soared to new heights in New York on Thursday, marking a significant prelude to the Easter holiday break. This rally not only set new records but also signaled the best start to the year for the S&P 500 since…
[ad_1] Wall Street indices experienced a significant upswing on Wednesday, hitting fresh record highs after the Federal Reserve‘s announcement that kept interest rates steady while projecting up to three rate cuts in 2024. The decision, anticipated by the market, was made despite the latest inflation data surpassing previous estimates.During a press conference, Fed Chair Jerome…
[ad_1] Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession….
[ad_1] LONDON: US and European stock markets rose Wednesday and gold hit a record high as the Federal Reserve kept alive expectations of rate cuts later this year and the British government unveiled a pro-growth budget.In volatile trading, gold touched 2,150, well above its previous high of $2,141.79 as expectations of lower interests rates hurt…
