Jobs-day shocker vindicates great risk rally of 2024
The ever-resilient US economy is once again causing havoc for Wall Street worrywarts, who have sounded the recession alarm all year. After months of heated debate between stock and bond bulls on whether restrictive Federal Reserve policy would spur a downturn, a report showing the biggest gain in American hiring in six months spurred violent…
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ET Explainer: How Fedβs more-than-expected rate cut will impact markets
The US Federal Reserve cut interest rates for the first time in more than four years citing lower inflation expectations and a slowing jobs market. A look at what it means for investors and Indian equities: What is the significance of the Fed’s interest rate cut? The Fed’s higher-than-expected rate cut of 50 basis points…
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US stocks slip as S&P 500, Nasdaq end six-day winning streaks on weak housing data
Wall Street’s main indexes slipped on Friday following the S&P 500 and the Nasdaq’s six-day winning streaks after a spate of encouraging economic data allayed recession worries, while weak housing data dampened sentiment. Equities came under pressure a bit after data showed U.S. single-family homebuilding fell sharply in July, suggesting that the housing market remained…
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