Fed slashes interest rates by half point

Sep 18, 2024 · 6m 24s
Fed slashes interest rates by half point
Description

Fed chief Powell says https://seekingalpha.com/news/4150857-federal-reserve-cuts-benchmark-rate-by-50-basis-points?source=wsb_podcast:fed_slashes_interest_rates_by_half_point will shore up the labor market while it's strong. (0:16) Stocks https://seekingalpha.com/news/4150785-stock-market-news-today-nasdaq-sp500-dow-jones?source=wsb_podcast:fed_slashes_interest_rates_by_half_point with traders looking for even more aggressive cuts this year. (1:31) Lionsgate makes...

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Fed chief Powell says the move will shore up the labor market while it's strong. (0:16) Stocks closed down with traders looking for even more aggressive cuts this year. (1:31) Lionsgate makes an AI movie production deal with Runway. (4:09)

Show Notes
Federal Reserve sees two more interest-rate cuts by end of 2024, dot plot shows
The 50-bp rate cut is a sign of the Fed's confidence: Powell press conference

Episode transcripts: seekingalpha.com/wsb
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Author Seeking Alpha
Organization Seeking Alpha
Website seekingalpha.com
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