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The Latest Breaking News from US Federal Reserve

Stocks Slide As Powell Cools Rate-Cut Hopes: These 15 Stocks Are Feeling The Pinch

Stocks sold off late Wednesday after Fed Chair Jerome Powell pushed back on expectations for another interest rate cut in December, warning that such a move is "far from a foregone conclusion” as the Federal Open Market Committee remains divided and incoming data remains clouded by shutdown-related gaps.

Benzinga

Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

Fortune

Stocks Pressured as Fed Chair Powell Downplays Further Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.41%. December E-mini S&P futures (ESZ25 ) fell -0.06%, and December E-mini Nasdaq futures...

Barchart

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Dow, S&P 500 Slip on December Rate Cut Worries, Nvidia Boosts Nasdaq: Stock Market Today

Nvidia became the first company ever to boast a $5 trillion market cap, but it wasn't enough to lift the Dow and the S&P 500.

Kiplinger

Rocket Companies (RKT) Stock Is Sliding Wednesday: What's Going On?

Rocket Companies Inc (NYSE:RKT) shares are trading lower on Wednesday afternoon, caught in a broader market sell-off fueled by comments from Federal Reserve Chair Jerome Powell. Here’s what investors need to know.

Benzinga

Morning Mail: ‘now or never’ for Watt’s nature laws, mother vows to continue blockers fight, Trump’s White House revamp

Environment minister calls for cross-party support as Matt Kean warns Coalition to support the bill; Trump fires federal commissioners over White House reno

The Guardian - AU

Powell Cools Hopes For December Rate Cut: 'Far From A Foregone Conclusion'

Fed Chair Jerome Powell threw cold water on investor hopes for another interest rate cut in December, stressing that the Federal Open Market Committee remains deeply divided and that the road ahead is clouded by data gaps and conflicting risks between the central bank’s objectives.

Benzinga

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Where You Choose to Stash $100k Now Comes with a Big Opportunity Cost

The Fed recently cut rates. Here's where to maximize your savings while rates remain higher.

Kiplinger

Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%

The Guardian - UK

What a Federal Reserve rate cut means for your finances

The Federal Reserve has cut its benchmark interest rate by a quarter point for the second time since September

The Independent UK

Dollar Rallies on Hawkish Powell

The dollar index (DXY00 ) rallied to a 2-week high on Wednesday and finished up by +0.62%. The dollar found support on Wednesday amid easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal on Wednesday that will see South...

Barchart

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

Fortune

Fed cuts rates again but throws cold water on a December rate cut

The move comes as the ongoing government shutdown restricts the release of critical economic data.

Axios

Russian mobsters sentenced to 25 years for foiled plot to assassinate Iranian dissident journalist

Two Russian mobsters have each been sentenced to 25 years in prison for agreeing to try to assassinate Iranian American journalist Masih Alinejad for $500,000

The Independent UK

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International Business Times UK

Fed Poised for Second Interest Rate Cut in 2025— What It Means for You

The US Federal Reserve is expected to deliver its second straight interest rate cut, lowering the benchmark rate to 3.75%–4.00% amid easing inflation and ongoing economic uncertainty.

Fortune

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone.

The Guardian - US

Fed cuts interest rates for second time this year amid economic uncertainty

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs

Benzinga

S&P 500 Tops 6,900 Ahead Fed Rate Move, Gold Reclaims $4,000: What's Moving Markets Wednesday?

A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the SP 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's highly…

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news in one place.

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Barchart

Fed Delivers Expected Rate Cut While Signaling End to Balance Sheet Reduction

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.53%. The Federal Reserve delivered a widely anticipated policy decision this afternoon,...

Barchart

Dollar Climbs as Global Trade Tensions Ease

The dollar index (DXY00 ) today is up by +0.18%. The dollar is climbing today on easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal today that will see South Korea make $150 billion in shipbuilding investments and cap...

Barchart

Stock Indexes Soar to Record Highs as Global Trade Tensions Ease

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.47%. December E-mini S&P futures (ESZ25 ) are up +0.30%, and December...

GOBankingRates

Could You Retire Today If You Had Bought Amazon Stock 10 Years Ago?

If you had invested in Amazon stock 10 years ago, could you retire today? We break down the numbers to see how far that investment could take you.

Benzinga

Fed Rate Cuts Help Bolster The Case For The ProShares Nasdaq-100 High Income ETF

Ever since the challenges of the COVID-19 pandemic, a key headwind that has stymied multiple administrations is inflation. Sure, the economy has been able to bounce back from the worst of the crisis, but the response wasn't free of consequence. Like a calculated gambit in chess, policymakers essentially sacrificed materiel…

Fortune

You can expect a 25 bps cut from the Fed, says Wall Street, but little economic insight from Powell—after all, he doesn’t have much to go on

“Chair Powell’s press conference will pivot away from economic data—given its scarcity—and instead focus on balance sheet policy, the policy framework review, and financial stability,” Deutsche Bank says.

Fortune

Wall Street is in a risk-on mood as it waits for Powell to deliver on the ‘Fed put’

“Earlier this month, markets shifted more towards a ‘central bank put’ regime,” Christian Mueller-Glissmann at Goldman Sachs wrote in a note to clients.

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