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 … Continue reading
Opinion: The U.S. stock rally could accelerate on the Fed’s U-turn, a China deal and tax cuts Something the market once feared was a mistake could give the Fed more power to boost the economy. Some eral Reserve officials are saying it is too soon to consider cutting U.S. interest , despite rising market speculation of such a move because of slowing global growth and signals of Tags: officials, push, back, markets, Fed signals no rate changes eral Reserve on Wednesday voted to hold interest steady and shaved its growth forecast.