News Highlights: Top Global Markets News of the Day - Tuesday at 9 PM ET
U.S. Stocks Pare Gains; Traders Betting on Big Fed Cut
Stock indexes ended the first day of the Federal Reserve's pivotal policy meeting little changed, while traders kept lifting the chances of a supersize interest-rate cut.
Fed Prepares to Lower Rates, With Size of First Cut in Doubt
The central bank usually prefers to move in increments of a quarter point. This time, it's complicated.
Bank of Canada Welcomes 2% Inflation, Pivoting Focus to Growth
The Bank of Canada's No. 2 official says inflation returning to 2% in August is welcome news for policymakers, who are now increasingly focused on downside risks and spurring economic growth.
Gold is giving you a once-in-a-generation buying opportunity on its way to 4,400
The upside breakout in gold prices has more room to run.
Stocks flirt with record even as Fed considers extra-large interest-rate cut
A half-point interest-rate cut by the Fed on Wednesday wouldn't necessarily signal the U.S. is heading into recession, according to BlackRock's Rick Rieder.
The Stock Market Is Priced for Middling Returns-No Matter What the Fed Does
U.S. shares are already more expensive than they were back when interest rates were stuck at zero, leaving little room for outperformance as the fed-funds rate comes down. Meanwhile, corporate profit margins look unsustainably high.
Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size
Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.
Hezbollah Pagers Explode in Apparent Attack Across Lebanon
Lebanon's health minister said exploding devices across the country injured almost 2,800 people and killed nine, including a child.
Industrial production gets short-lived boost from cars, but U.S. manufacturers still depressed
Industrial production rose a stronger-than-expected 0.8% in August, but most of the increase was tied to autos and there was little sign of a rebound in a depressing manufacturing sector.
(END) Dow Jones Newswires
September 17, 2024 21:15 ET (01:15 GMT)
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