Dollar edges lower after Fed goes big on rate cut, Aussie jumps
The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
Federal Reserve Chair Jerome Powell had one big job on Wednesday which was to convince market participants that a 50 basis-point rate cut is consistent with a "thoughtful policy adjustment" rather than a sign of the central bank being behind the curve,
Stocks Race To Record Highs After Fed Opts For Bigger Interest Rate Cut
After sitting flat as traders sat on pins and needles ahead of the 2 p.m. EDT Fed release, stocks soared, with the leading indexes S&P 500 and Dow Jones Industrial Average each setting new all-time highs immediately Wednesday after the news.
Dollar gains ground after Fed delivers bumper 50 basis point rate cut
The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2% annual target.
The Dow closed above 42,000 for the first time after the Fed's big interest rate cut
The Dow Jones Industrial Average (SPGI) jumped 522 points Thursday and closed at a new record high, as the Federal Reserve’s decision to slash interest rates by 50 basis points gave fuel to markets.
S&P 500, Dow Jones surge to record high close on euphoria over Fed rate cut
The S&P 500 surged to a record high close on Thursday, the day after the Federal Reserve cut interest rates by 50 basis points and indicated more rate cuts were on the horizon. The blue chip Dow Jones Industrial Average also registered a record closing high,
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