Federal Reserve

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WWL Newsroom
August 21, 2019 - 3:56 pm
Jim Chesko reporting... A positive day on Wall Street, pretty much from the get-go, with the major indexes ending with solid gains. The Dow Industrials jumped 240 points, the Nasdaq Composite climbed 71, and the S&P 500 added 24. Target was among the day’s big gainers. Shares surged 20% after...
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Nuthawut Somsuk
WWL Newsroom
July 31, 2019 - 2:26 pm
It's been a decade since the The Federal Reserve cut its key interest rate but for the first time in 10 years the financial governing board sliced rates by a quarter point, trying to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low...
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WWL Newsroom
July 05, 2019 - 3:58 pm
Jim Chesko reporting... After notching new closing highs in Wednesday’s pre-holiday session, the market indexes finished in the red today. Stocks lost ground in the wake of a stronger-than-expected June jobs report and the belief that the Federal Reserve is now less likely to cut interest rates at...
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Getty- Delpixart
June 07, 2019 - 4:16 pm
Jim Chesko reporting... Another rally to end the week on Wall Street - with much of the credit going to a weaker-than-expected employment report. The news that the economy created just 75,000 jobs in May likely bolstered the case for an interest-rate cut by the Federal Reserve in the months ahead...
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May 22, 2019 - 3:54 pm
Jim Chesko reporting... Stocks finished modestly lower today, with the markets showing little reaction to Federal Reserve meeting minutes that indicated policy makers are committed to a “patient” policy stance. The Dow Industrials gave back 100 points, the Nasdaq Composite lost 34, and the S&P...
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September 26, 2018 - 1:15 pm
WASHINGTON (AP) — The Federal Reserve has raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expects to maintain a pace of gradual rate hikes. The Fed on Wednesday lifted its short-term rate — a benchmark for many consumer and business...
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