Wall Street jumps after rate cut. The Federal Reserve lowered interest rates as expected to 4.50 percent.
The Dow rose after the decision, as well as the Standard & Poor’s 500 index and the Nasdaq composite index.
The dollar moved to a new all-time low after the Federal Reserve cut, the euro bought $1.4477, up from $1.4434.
If we still would have the German Mark (DM), we could see an all-time high of this old currency.
A lower dollar drives the demand for U.S. goods, but there is also an inflationary risk. It is pushing up the price of oil.
Something the market once feared was a mistake could give the Fed more power to boost the economy. Our products connect you. They connect you to tradition, to the land, to a sustainable future, and to good health for your friends and family. Healt Venison. Looking for venison meat, venison steaks or venison chops? You've e to right place. Our free-range New Zealand venison is raised on tall-grass pastures in a pristine environment, resulting in venison that's tender, Tags: venison, meat, steaks, chops, Treasury yield curve flattens as Treasury yield curve flattening trade has new life as long term funds rate has been cut to 2.75 per cent from 3 per cent by central bank.