Fed meeting today: Fed decides on aggressive 50 basis-point cut in interest rates.
History shows the Federal Reserve typically doesn’t deliver a “hawkish surprise” to markets, as investors wait to learn the size of a widely expected interest-rate cut by the Fed on Wednesday, according to BofA Global Research.
Wall Street rallied on Thursday with the Dow and S&P 500 hitting another intraday record high — a day after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and ...
U.S. stocks saw their third-largest inflow of 2024, with $33.8 billion moving into the asset class last week, Bank of America ...
Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall ...
More credit card debt and car loans transitioned into late payment status last quarter, per the New York Fed.
The Federal Reserve’s interest rate cut of 50 basis points may prime a bubble in risk assets, Bank of America says. Read more ...
The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making ...
BofA Global Research was the only major brokerage to raise its forecast for the Federal Reserve's anticipated interest-rate ...
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