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Tag Archives: rate

Dow tops 27,000 as Wall Street surges after Powell signal rate cut

The Dow Jones Industrial Average topped 27,000 for the first time on Thursday as the top three equity benchmarks traded higher on Wall Street after Federal Reserve Chairman Jerome Powell signaled the central bank's cutback to interest rate cut due to trade uncertainties. MORE FROM FOXBUSINESS.COM … Following several days of uneven trading activity on the Federal Reserve would have …

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According to analysts, a Fed rate cut would reduce pressure on China's PBOC

Pedestrians walk past the People's Bank of China headquarters in Beijing, China on Monday, January 7, 2019. Giulia Marchi | Bloomberg | Getty Images A widely-anticipated interest rate cut by the US Federal Reserve would give China more leeway to support its slowing economy, some analysts said. Overnight markets took Fed Chairman Jerome Powell's comments during the first of a …

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Asian stocks fall as Reuters relies on sharp rate cuts in the US

© Reuters. A man is pictured on an electronic board displaying a graph analyzing the recent change in the Nikkei stock index to a broker in Tokyo. By Swati Pandey SYDNEY (Reuters) – Asian stocks were a bleak on Monday after a strong US job wins tempered expectations The Federal Reserve will achieve a sharp cut in interest rates while …

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Asian stocks fall as they bet on sharp rate cuts in the US

By Swati Pandey SYDNEY (Reuters) – Asian shares eased on Monday after strong US employment data eased expectations for a key rate cut, while the Turkish lira fell close to two weeks low on concerns about central bank independence floated. [19659003] US investment bank Morgan Stanley's decision to reduce its exposure to global equities was also adversely affected by stock …

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The number of employees rises by 224,000, the unemployment rate by 3.7%.

Wage growth rebounded strongly in June as the US economy added 224,000 jobs as both the employment picture and the overall growth picture weakened. According to the Ministry of Labor, the unemployment rate rose to 3.7%. Economists interviewed by Dow Jones had expected the number of non-agricultural workers to increase by 165,000 and the unemployment rate to remain constant at …

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US job growth accelerated, rate cut expected

WASHINGTON (Reuters) – Employment growth in the US has probably recovered in June and wage increases are expected to accelerate. However, this may not be enough to prevent the Federal Reserve from cutting interest rates this month as the economy slows down. FILE PHOTO: The Insomnia Cookies window in Cambridge, Massachusetts, USA, on February 11, 2019, has a "Now Hiring" …

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