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Global stocks rally as investors bet that the central bank's move will support US economic growth
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The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday's gain put the index in range of a closing record.
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"As frequent bond issuers, big tech loves lower rates."
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EY's chief economist and JP Morgan Wealth Management's head of investment strategy weighed in on the decision.
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Bank stocks moved up on Thursday as they added to gains from the previous session on the heels of the first interest-rate cut by the U.S. Federal Reserve since 2020.
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The Federal Reserve's long-awaited interest-rate cut is finally here, but prospective car buyers hoping it will bring down the cost of loans shouldn't hold their breath, experts say.
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Lower interest rates will soften the prices consumers pay for debt — but people may not see an impact on their payments for a while
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When the Federal Reserve cut the federal funds target rate on September 18th, the stock market reacted negatively. This runs counter to our expectations and try to unpack why.
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Fulton Market could be especially active with development as interest rates decline.
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