Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap
1 month, 1 week ago

Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap

Live Mint  

The dollar climbed for a fourth day and Asian stocks fell ahead of key inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. In addition, market watchers expect US president-elect Donald Trump’s proposed tax and tariff policies to further drive up inflation, with his key picks for administration posts signaling a tough stance against China. Stocks in Asia opened lower “given the compounding effects of higher yields, a stronger dollar and ongoing trade uncertainties,” said Kyle Rodda, a senior market analyst at Capital.Com Inc. “There is a higher risk that inflation becomes a much bigger driver of the markets once again, with the proverbial genie not yet stuffed back into the bottle.” Chinese stocks slumped on Tuesday following reports that Trump was poised to pick two men with track records of harshly criticizing China for key posts in his administration. Fed Minneapolis President Neel Kashkari on Tuesday said he’ll be watching the inflation data closely to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting. “The bond market is set up for a stronger CPI number,” said David Rogal, fixed-income portfolio manager at BlackRock Inc. “Even with certainty on the election result, there’s still a fair amount of uncertainty on policy and how that impacts markets.” In the commodities market, oil steadied neared its lowest level this month, with the outlook for demand in focus after OPEC reduced its projections again on China’s slowdown.

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History of this topic

US Fed rate cut decision: How will it impact Indian stock markets?
4 days, 18 hours ago

US Fed rate cut decision: How will it impact Indian stock markets?

India Today  

Benchmark stock market indices have been under pressure over the past few sessions, extending losses as global cues remain weak. Palka Arora Chopra, Director at Master Capital Services Ltd., highlighted the global fallout: "The US Federal Reserve's recent 0.25% interest rate cut, accompanied by their indication of a more measured pace of future reductions, has triggered a wave of uncertainty …

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
4 days, 18 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets
Top News
4 days, 18 hours ago

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets

India Today  

Stock markets are expected to open lower on Thursday, following a global market slump after the US Federal Reserve cut interest rates by 25 basis points. GLOBAL MARKET REACTIONS Wall Street reacted negatively to the Fed’s announcement, with all three major US indices—Dow Jones, S&P 500, and Nasdaq—posting their biggest single-day losses in months. Gift Nifty, an indicator for the …

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts
1 week, 2 days ago

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions on Tuesday, December 17, and will announce its new benchmark interest rate decision on December 18. The US central bank will conduct its two-day Federal Open Market Committee meeting amid Wall Street bets that will likely stay on course towards delivering another rate cut even after …

Global stock index falls, bond yields rise ahead of rate decisions
1 week, 2 days ago

Global stock index falls, bond yields rise ahead of rate decisions

Live Mint  

* Wall Street stocks end close to flat, Europe ends down * Oil prices settle higher, * Dollar rises against yen, falls against the Euro By Sinéad Carew and Harry Robertson NEW YORK/LONDON Dec 13 - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from …

Rupee slips to record low but central bank steps in to curb losses
1 week, 4 days ago

Rupee slips to record low but central bank steps in to curb losses

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards market and from importers while intervention by the central bank kept a lid on losses, traders said. Heightened dollar demand in the NDF market alongside strong dollar buying by local importers, including oil companies, have …

Dollar retreat to boost rupee before RBI rate decision
2 weeks, 3 days ago

Dollar retreat to boost rupee before RBI rate decision

Live Mint  

By Nimesh Vora MUMBAI, Dec 6 - The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. A majority of economists expect the central bank to make no changes to the policy rate amid high inflation …

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Trending News
3 weeks, 3 days ago

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Live Mint  

By Stella Qiu SYDNEY - Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. "We note that the acceleration in inflation, combined with the solid recovery in monthly activity, increases the odds of another BoJ …

Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap
4 weeks ago

Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap

Live Mint  

The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory. The dollar has now climbed for eight straight weeks, the longest advance in more than a year, as traders continued to price Trump’s fiscal policies …

month peak as market awaits next Fed cue
1 month ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
1 month, 1 week ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
Trending News
1 month, 1 week ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE, - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
1 month, 1 week ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts
1 month, 1 week ago

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts

Live Mint  

India's retail inflation surged to a 14-month high in October, exceeding the Reserve Bank of India’s upper tolerance limit, dampening expectations of an imminent policy rate cut. Analysts suggest that while October's CPI inflation data was largely anticipated by the Indian stock market, the more pressing concern lies in subdued corporate earnings. While inflation is projected to ease in December, …

Asian markets extend losses as Trump fears build
1 month, 1 week ago

Asian markets extend losses as Trump fears build

Hindustan Times  

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation. Asian markets extend losses as Trump fears build The prospect of prices spiking again on the back of tax cuts, import tariffs, and an easing of regulations gave fresh …

US dollar and bitcoin advance spurred by Trump tariff expectations
1 month, 1 week ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

* Dollar index rises to 6-1/2-month high * Bitcoin hits record high on Trump tariff promise * Euro sinks to lowest since November 2023 By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, - The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary …

US dollar and bitcoin advance spurred by Trump tariff expectations
1 month, 1 week ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. "It's still an extension of …

Dollar on track for weekly gain after Trump election win
1 month, 2 weeks ago

Dollar on track for weekly gain after Trump election win

Live Mint  

* US currency may consolidate on uncertainty over Trump policies * Japanese yen suffers from widening interest rate differential By Karen Brettell and Stefano Rebaudo Nov 8 - The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. …

Stock market today: Asian shares gain after US Fed cuts interest rates
1 month, 2 weeks ago

Stock market today: Asian shares gain after US Fed cuts interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Dollar on track for weekly gain after Trump election win
1 month, 2 weeks ago

Dollar on track for weekly gain after Trump election win

Live Mint  

By Karen Brettell and Stefano Rebaudo -The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. “We don't really know how much was campaign rhetoric, how much is a negotiating position, how much of it is speaking principle,” …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
1 month, 2 weeks ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
1 month, 2 weeks ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

Dollar slips before Federal Reserve rate cut decision; here is all you need to know
1 month, 2 weeks ago

Dollar slips before Federal Reserve rate cut decision; here is all you need to know

Hindustan Times  

The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points, while traders were Republicans also won the Senate majority, putting the party on track for a clean sweep that would allow it to make larger legislative changes. Investors will focus on whether Fed Chair Jerome Powell makes any reference to the election …

Stock market today: Most of Wall Street rises after the Fed cuts interest rates
1 month, 2 weeks ago

Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Associated Press  

NEW YORK — Most U.S. stocks rose Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy. Trump is pushing for tariffs and other policies that economists say could drive inflation higher, along with the economy’s growth. It gave back a chunk of its surge from the prior day, driven by expectations that Trump’s …

Most of Wall Street rises after the Fed cuts interest rates
1 month, 2 weeks ago

Most of Wall Street rises after the Fed cuts interest rates

LA Times  

Trader Edward McCarthy works on the floor of the New York Stock Exchange a day after the election. Trump is pushing for tariffs and other policies that economists say could drive inflation higher, along with the economy’s growth. Lyft revved up by 22.8% after the ride-hailing app breezed past Wall Street’s sales and profit expectations, and Ralph Lauren rose 6.6% …

The US Federal Reserve must do two things right now
1 month, 2 weeks ago

The US Federal Reserve must do two things right now

Live Mint  

As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. Its obsession with data dependency has seen it over-react to noisy historical data, lacking the more strategic forward-looking approach needed when using policy tools that operate with ‘long …

Dollar dips as US voters head to polls
1 month, 2 weeks ago

Dollar dips as US voters head to polls

Live Mint  

By Karen Brettell and Amanda Cooper -The U.S. dollar fell as U.S. voters headed to the polls on Tuesday, with the results of the elections likely to decide at least the near-term fate of the greenback. my sense is that people are cautious," said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered …

US Bonds slip as market volatility hits one-year high amid US election results; Spot dollar index down
1 month, 2 weeks ago

US Bonds slip as market volatility hits one-year high amid US election results; Spot dollar index down

Live Mint  

-- US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to a presidential election that remains too close to call. “Harris is the status quo outcome for policy but not necessarily for markets,” said Meera Chandan, co-head of global FX strategy at JPMorgan Chase & Co. in a Bloomberg …

Stocks Fall, US Yields Rise Amid Election Jitters
2 months ago

Stocks Fall, US Yields Rise Amid Election Jitters

Live Mint  

Global stock markets are experiencing volatility due to the upcoming U.S. election and the outlook on interest rate cuts. U.S. yields rose, while stocks fell, reflecting market uncertainty. The S&P 500 and Dow Jones Industrial Average finished lower, while the Nasdaq Composite ended higher. The pan-European STOXX 600 index closed down, while MSCI's gauge of stocks across the globe fell.

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed
Trending News
2 months ago

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed

Live Mint  

The US dollar has been on a strong upward trajectory in recent weeks, driven by positive economic data and expectations of a Fed pause in interest rate cuts. The greenback has reached a 2-1/2-month high, with the market pricing in an 89.6% chance for a 25 basis point cut at the Fed's upcoming meeting. However, the dollar's rise is also …

Stock market today: Asian shares are mixed and the yen slips against the dollar
2 months, 2 weeks ago

Stock market today: Asian shares are mixed and the yen slips against the dollar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The meeting between Ishiba and …

Stock market today: Wall Street ticks to another record as stocks worldwide rally
2 months, 3 weeks ago

Stock market today: Wall Street ticks to another record as stocks worldwide rally

LA Times  

U.S. stocks rose to another record Thursday as financial markets around the world rallied again. The hope on Wall Street is for a form of financial nirvana where the U.S. economy’s growth can hold steady and keep profits for companies humming while the Federal Reserve continues to lower interest rates. It’s now cutting them to make things easier for the …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
3 months ago

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian markets forged higher on …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

Wall Street stays stuck in place as it counts down to a Fed rate cut
3 months ago

Wall Street stays stuck in place as it counts down to a Fed rate cut

LA Times  

On Tuesday, the calm movements for the U.S. stock market overall were a sharp departure from prior weeks, during which the S&P 500 briefly fell nearly 10% below its all-time high. U.S. stock indexes remained stuck in place on Tuesday as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in …

Keep eye on global interest rate cuts for market moves
3 months, 1 week ago

Keep eye on global interest rate cuts for market moves

New Indian Express  

Indian markets are hitting new highs and defying the ‘September effect’, considered the worst month for global stock markets. The sharp rally driven by banking, IT and auto stocks gained strength from a host of factors including interest rate cuts in the US, China and Europe. A bigger cut would confirm the worst fears of a hard landing for the …

Stock market today: Asian benchmarks dip after Wall Street's mixed finish
3 months, 1 week ago

Stock market today: Asian benchmarks dip after Wall Street's mixed finish

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares traded mostly lower …

Dollar stable, yen wobbles ahead of US inflation data
3 months, 1 week ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times  

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

Dollar rises after August U.S. payrolls report paints mixed picture
3 months, 2 weeks ago

Dollar rises after August U.S. payrolls report paints mixed picture

The Hindu  

The dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the labour market, likely supporting gradual interest rate cuts by the Federal Reserve. "A half-point rate cut at the central bank’s September meeting remains unlikely, but today’s release provided clear evidence of a sharp …

Dollar struggles to find footing on rising bets of outsized Fed cut
3 months, 2 weeks ago

Dollar struggles to find footing on rising bets of outsized Fed cut

The Hindu  

The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy's growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. Global markets have been on edge and stocks, in particular, have been badly bruised after softer-than-expected U.S. data this week reignited concerns that the growth outlook of the world's …

Tiptoeing nervously along US rate path
3 months, 3 weeks ago

Tiptoeing nervously along US rate path

Live Mint  

By Jamie McGeever Aug 27 - A look at the day ahead in Asian markets. World markets are entering a period of nervous uncertainty as investors try to determine whether upcoming U.S. interest rate cuts will be benign and in tandem with a "soft landing," or mitigation against a more damaging economic downturn. Nvidia shares slid ahead of the AI …

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech
4 months ago

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech

Firstpost  

All three major US stock indexes lost ground, with technology shares leading the decline. The Dow Jones Industrial Average dropped 0.43 per cent to 40,712, the S&P 500 slipped 0.89 per cent to 5,570, and the Nasdaq Composite fell 1.67 per cent to 17,619. Market mover Nvidia, the biggest drag on the S&P 500, erased early gains and ended the …

US stock market: Wall Street indices rise as investors weigh Fed minutes, payroll revision
4 months ago

US stock market: Wall Street indices rise as investors weigh Fed minutes, payroll revision

Firstpost  

The Dow Jones Industrial Average climbed 55.52 points, or 0.14 per cent, to 40,890.49, while the S&P 500 advanced 23.73 points, or 0.42 per cent, to 5,620.85. The Nasdaq Composite added 102.05 points, or 0.57 per cent, closing at 17,918.99 In the US stock market, major indices rose on Wednesday. Market movers Target’s shares soared 11.2 per cent after the …

Wall Street ticks higher after inflation data clears the way for cuts to rates
4 months, 1 week ago

Wall Street ticks higher after inflation data clears the way for cuts to rates

LA Times  

The Standard & Poor’s 500 index rose 0.4% on Wednesday to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Standard & Poor’s 500 index rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen
4 months, 3 weeks ago

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen

Associated Press  

TOKYO — Asian shares traded mixed Thursday as Tokyo’s benchmark plunged as the U.S. dollar sank against the yen. The widespread gains came as Treasury yields eased in the bond market after the Federal Reserve gave the clearest indication yet that it could begin lowering interest rates in September. Fed Chair Jerome Powell said policy makers are “getting closer to …

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
5 months, 1 week ago

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Associated Press  

Asian stocks were mostly lower Wednesday even as investors wagered that the Federal Reserve will come ahead with a cut to interest rates, while Australia’s benchmark hit a new record. The Dow Jones Industrial Average leaped 1.9% to 40,954.48, and the Nasdaq composite lagged with a gain of 0.2% to 18,509.34, as the stars dimmed for some of the year’s …

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