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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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For the past three months, markets have sniffed out September rate cuts and responded accordingly. The key is whether the Fed's future course of action on rates can offset the economic deceleration that its hiking campaign was designed to engineer.
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Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.
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In a speech Thursday following the Federal Reserve's interest-rate cut, President Joe Biden talked up the importance of the U.S. central bank's independence while criticizing Republican presidential nominee Donald Trump's stated desire to wield more influence over the Fed.
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Federal Reserve Chair Jerome Powell did a "great job" of explaining the reasons for an aggressive interest-rate cut in a "non-scary way," former New York Fed President William Dudley said Thursday.
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The Fed's decision to cut interest rates by 50 basis points reflects its growing confidence in taming inflation and a renewed focus on supporting the job market.
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People who bought homes in the past two years may want to seek a lower interest rate. Here's how to think it through — and how to shop.
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Home sales slumped in August. But they're poised to soar after the Fed finally cut interest rates CNNAugust home sales drop more than expected, as prices set a new record CNBCU.S. Home Sales Slipped in August Despite Falling Mortgage Rates The Wall Street Journal
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The U.S. Federal Reserve made its biggest cut to the benchmark rate in 16 years on Wednesday.
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Dow pops 500 points as Wall Street rallies a day after big Fed rate cut: Live updates CNBCStocks surge a day after Federal Reserve's first interest rate cut since 2020 CBS NewsStock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally Yahoo FinanceRate Cuts: Markets Got Powell's Message — Smaller for Longer Bloomberg
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Bond yields were a touch lower early Thursday, as traders continued to price in the prospects for further Federal Reserve rate cuts
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T-Mobile Chief Executive Mike Sievert says it's "nonsense" that the iPhone 16 line's preorder sales are underwhelming so far.
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