All articles tagged with #federal reserve rate cut
The article covers key market updates including strong earnings from Alphabet, Microsoft, and Meta, a cautious Fed rate outlook despite a cut, a new US-China trade agreement, mixed results from restaurant chains, and Comcast's quarterly performance amid potential acquisitions.
Japan's Nikkei 225 hit a record high above 51,000 driven by optimism over U.S.-Japan trade agreements and expectations of a Federal Reserve rate cut, amid positive market sentiment in Asia and the U.S. stock markets reaching new highs.
During Donald Trump's second UK state visit, he received royal treatment amid protests, while UK Prime Minister Starmer announced a historic US investment package. Meanwhile, Jimmy Kimmel's show is suspended after controversial comments, the Federal Reserve cut interest rates, and US political tensions continue with statements from Bernie Sanders and Obama. Other stories include concerns over US economic data independence and a deleted DOJ report on extremism.
The S&P 500 reached a record high as market expectations for a Federal Reserve rate cut remained intact despite mixed labor market data, with gains driven by strong performances in tech and consumer discretionary stocks, amid anticipation of the upcoming U.S. jobs report.