NEW YORK - The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File PhotoSTOCKS: U.S. stocks turned higher after the announcement, with the S&P 500 last up 0.36%. BONDS: The 10-year U.S. Treasury note yield fell to 2.0353% and the 2-year yield fell to 1.7678%.
It's all about the Housing Market for its home Builders.
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Fed holds rates steady, sees no cuts in 2019Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting. He is afraid of Trump. 😅 Kind of a dull way to go out Jerry.
Source: CNBC - 🏆 12. / 72 Read more »
Fed keeps rates steady but opens door for cutThe reference to uncertainties, as well as the lack of fear about runaway inflation, signals that the Fed’s next move is likely to be a cut rather than a hike. trump has punching bag now This federal government is working only for the rich and Satan to bankruptcy Americans for growth in the world! Sorry keeping much of your money away from cheaters who run this government now Hahahahahaha- you puss gutrealDonaldTrump
Source: politico - 🏆 381. / 59 Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Source: CNBC - 🏆 12. / 72 Read more »
Trump's potential Fed nominee reportedly wants rates at zeroJudy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%. She will be doing her job, then. Accelerate the transfer of wealth to the top. Why stop at ZERO? Go for negative rates to prop up equities... Powell knows he has to cut, otherwise this market gets rocked and he gets fired. $SPY $SPX $DJIA $FB $AMZN $AAPL $NFLX $GOOGL
Source: CNBC - 🏆 12. / 72 Read more »
Fed Chair Powell says there was 'not much support' for cutting rates on WednesdayMarkets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting. There isn’t at all. The markets are overbought. Housing around the country in urban areas is unaffordable. Interest rates are not put in place to keep things going up. It’s supposed to counter inflation. In these cases it isn’t. TAKE YOUR NEEDED TIME MR.POWELL.WE MIGHT NEED 1 RATE CUT BET. NOW & DECEMBER. 0 interest rates nor low interest rates we’ve came accustom is not a normal economic environment
Source: CNBC - 🏆 12. / 72 Read more »