Most of Wall Street rises after the Fed cuts interest rates
The Fed’s announcement that it was easing its main interest rate caused few ripples in the market because even the size of it was so well anticipated by investors. The central bank began easing rates in September and indicated that more cuts were likely as it focuses more on keeping the job market humming after helping get inflation nearly down to its 2% target.
Financial markets are heading into this week's Federal Reserve meeting with more clarity over the outlook for the U.S.
It looks like the Fed is stuck with very large, losing “temporary” mortgage-backed securities investments for a long time to ...
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