Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates

Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates


Key Points
  • Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates.
  • “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in Dallas.



Source

Friday could be a wild day of trading on Wall Street. Here’s why
Finance

Friday could be a wild day of trading on Wall Street. Here’s why

Key Points More than $7.1 trillion in notional options exposure is set to expire this Friday, according to Goldman. December options expirations are typically the biggest of the year, but this one eclipses all prior records. Source

Read More
Stocks making the biggest moves midday: Rocket Lab, Trump Media, Lululemon, Micron Technology & more
Finance

Stocks making the biggest moves midday: Rocket Lab, Trump Media, Lululemon, Micron Technology & more

Check out the some of the stocks making the biggest moves in midday trading. Rocket Lab — The aerospace company saw shares jump nearly 8% following the launch of its STP-S30 mission for U.S. Space Force’s Space Systems Command. Rocket Lab said the launch was completed five months ahead of schedule. Peer companies rose in […]

Read More
Stocks making the biggest moves premarket: Micron Technology, Trump Media, Lululemon & more
Finance

Stocks making the biggest moves premarket: Micron Technology, Trump Media, Lululemon & more

Check out the companies making the biggest moves before the bell: Micron Technology — Shares jumped more than 11% after the chipmaker issued a rosy revenue forecast and posted fiscal first-quarter results that exceeded Wall Street expectations . Micron said it expected about $18.70 billion in revenue in the current quarter — significantly higher than […]

Read More