Wall Street's new era off to rocky start despite big Fed cut
In the aftermath, economists and traders moved to adjust their forecasts and wagers to account for the Fed’s new narrative. Goldman Sachs Group projected a longer string of consecutive cuts, while JPMorgan Chase’s economists reiterated their call for another half-point reduction in November even as they pointed to jobs data as key to their view.
Lower interest rates help financial markets in two big ways.
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Wall Street reversed an earlier sell-off to close higher as inflation data suggested a smaller rate cut by the Federal ...
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
Our top story so far. Retail inflation hit its lowest level in 3-1/2 years, but a slightly higher measure of prices for food ...
Wall Street's indexes fell after inflation numbers tempered expectations of a deep rate cut by the Federal Reserve. Political ...
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