Where Your Speech Is Free And Your Comment Is King - Post A Link

THE NEWS COMMENTER

Screenshot Foxbusiness.com
VOTE  (0)  (0)

Stocks point lower after Fed rate cut


Added 09-19-19 04:04:02am EST - “Stocks initially declined after the central bank announced the widely expected rate cut.” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “Stocks point lower after Fed rate cut”. Below is an excerpt from the article.

U.S. stocks were indicating a lower Wall Street open on Thursday, the morning after the Federal Reserve cut interest rates for the second time this year.

Dow Industrial futures are lower by 0.3 percent,  S&P 500 futures are off by 0.3 percent and Nasdaq futures are down 0.5 percent.

Stocks initially declined after the central bank announced the widely expected rate cut. Its policy statement failed to indicate whether more rate cuts were likely this year, though the central bank left the door open for additional rate cuts if the economy weakens.

Investors have been expecting the Fed to cut short-term interest rates by another quarter of a percentage point, following a similar cut in late July. The rate, which is now at a range of 1.75 percent to 2 percent, influences many consumer and business loans.

The S&P 500 index inched up less than 0.1 percent, within 0.7 percent of its all-time high set in July.

Read more...

Post a comment.

CLICK TO SHARE

COMMENTS VIA TWITTER






BACK TO THE HOME-PAGE