Stock Market Today: Dow falls over 100 points as stocks end volatile session lower after Fed's half-point rate cut
Don't break out the bubbly just yet. A resilient U.S. economy and a protracted path to the Federal Reserve's 2% annual inflation target could mean that interest rates remain "relatively higher for longer,
Fed rate-cutting cycle could be shallower than expected
As the U.S. Federal Reserve begins its much-anticipated rate-easing cycle on Wednesday, interest-rate cuts in the months ahead may be shallower than the market expects.
Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The latest batch of quarterly forecasts from the Federal Reserve showed policy makers have had a change of heart since June about the pace of interest rate cuts in 2024. The latest iteration of the Fed's "dot plot" penciled in two more quarter-point cuts before the end of the year,
Stock Market Today: Wall Street Poised to Break Records After Fed's First Rate Cut in Over 4 Years
Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a
Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow closed 522 points, or 1.3%, higher, reaching a new record after passing the 42,000 level for the first time.
Stock Market Today: Dow notches fresh record peak, books weekly gain after Fed rate cut
With roughly 30 minutes left until Wall Street opens, Dow futures have flipped into the green as stocks pared earlier losses on Friday. If the gauge manages to finish in the green, it would book another record close -- its third this week,
Stock market today: Indexes close at record highs and tech soars after Fed rate cut
Indexes rallied Thursday, with tech stocks leading the Nasdaq to rise 2.5% as investors continued to digest Wednesday's jumbo rate cut from the Fed.
Stocks jump Thursday after Federal Reserve’s jumbo-sized rate cut
Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut.
The job market is about to rebound as widespread spending boosts the economy, Apollo chief economist says
The US could add as many as 300,000 jobs in September, according to an estimate from Apollo's chief economist Torsten Slok.
The Fed cutting 25bps next week should be 'more than enough', says Apollo's Torsten Slok
Torsten Slok, Apollo Global Management chief economist, joins 'Closing Bell Overtime' to talk what to expect from the Federal ...
Anadolu Ajansi3d
Resurgence of inflation in 2025 likely to limit Fed’s ability to continue rate cutting cycle: Expert
Economist Lauren Saidel-Baker says Fed’s preferred measure of inflation still remains above 2% target - Anadolu Ajansı ...
American Banker6y
Torsten Slok
Torsten Slok joined Deutsche Bank Securities in the fall of 2005 and is a senior member of the Global Economics Team. Prior to joining the firm, Dr. Slok worked at the OECD in Paris in the Money ...
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Jobs Report Proves There's a Soft Landing, Slok Says
Torsten Slok, Apollo chief economist, says the US economy is not slowing down as anticipated and this August jobs report proves we do have a "soft landing." Slok says a 25 point rate cut from the ...
Chattanooga Times Free Press13dOpinion
Opinion: Trump economy plans are just plain stale
In the stock market, which Trump often held up as the ultimate arbiter of the job he was doing, investors value U.S. stocks ...
AOL5d
Fed slashes interest rates by 50 basis points as labor market cools
The decision to cut rates was certainly driven in part by this rise in joblessness, with experts like Apollo Global ...
Morningstar4d
After Fed rate cut, the next 6 months will be crucial for investors. Here's why.
Yet that also has fluctuated from 2% to 4.5%, a "pretty wide range of outcomes," since the Fed started raising rates in 2022, according to Apollo Global Management's chief economist Torsten Slok.
Barron's29d
U.S. Labor Market Seen As Sound, No Need To Rush Fed Cuts
The U.S. economy "is doing just fine" and there is no reason for the Fed to rush cutting rates, Apollo's Torsten Slok said in a note, pointing to data indicating that layoffs are at record low ...
RealClearMarkets3d
The Market Narrative Is Almost Always Wrong
Since the Fed started raising rates, the terminal rate has fluctuated between 2% and 4.5%, see chart below. That’s ...