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Wall Street Quietly Mixed as Markets Bank on an Interest Rate Cut From the Federal Reserve Next Week
Wall Street rises as investors anticipate Federal Reserve rate cuts amid 2.9% annual inflation and increasing unemployment claims, signaling cautious economic stimulus measures.
- On Thursday, Wall Street rose toward more records as the S&P 500 increased 0.7%, with traders expecting a Federal Reserve rate cut.
- One Thursday report showed more U.S. workers filing unemployment claims last week and August inflation rose 2.9% year-over-year, signaling mixed job-market data.
- Notable moves included Opendoor Technologies' surge 51.5% after hiring Kaz Nejatian as CEO and a $40 million investment, while Centene jumped 12.1%.
- In the bond market, the 10-year Treasury yield eased to 4.02% from 4.04% late Wednesday as Wall Street now unanimously expects the Federal Reserve to cut its main interest rate this year.
- Policymakers note the trade-off that moving rates to help jobs can push inflation higher, and the Federal Reserve has only that one tool, with officials wary of cuts due to President Donald Trump's tariffs.
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A cut in interest rates on Wednesday is already considered to be a matter for the US investors. After the price fireworks of the previous day, Wall Street is switching back a gear. Fusion rumors about two time-honoured Hollywood studios cause a rush to buy.
Wall Street rallies as an interest rate cut next week looks more certain
NEW YORK — Wall Street's record-setting run kept rolling on Sept. 11, with stocks climbing after a mixed set of economic reports kept the path clear for the Federal Reserve to boost the economy by cutting interest rates.
·Charleston, United States
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Total News Sources95
Leaning Left21Leaning Right7Center45Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 29%
C 62%
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