News Highlights: Top Global Markets News of the Day - Thursday at 1 AM ET

Stocks Slip After Fed Cuts Rates 
 

The Dow and S&P 500 finished lower after the Federal Reserve voted to cut interest rates by half a percentage point.

 
Fed Cuts Rates by Half Percentage Point 
 

The central bank's decision brings the benchmark federal-funds rate to a range between 4.75% and 5% and follows an all-out fight against inflation launched two years ago.

 
Big Rate Cut Forces Fed to Contend With New Obstacles 
 

How big will the next cut be? And what's the right interest rate anyway? Still, Fed Chair Jerome Powell made one thing clear: He really wants to stick the landing.

 
The Fed Has Significantly Improved the Odds of a Soft Landing 
 

Inflation and the labor market look normal, interest rates looked abnormal-until the Fed acted.

 
Bond market gets a Fed wake-up call after pricing in a recession 
 

Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here's why.

 
Lower Rates Yield a Loser: Berkshire Hathaway 
 

Berkshire had $277 billion in cash and equivalents at the end of the June, and the bulk of it is invested in high-yielding Treasury bills.

 
Republican Divisions Sink House Bill as Government Shutdown Nears 
 

Donald Trump urges party to take a hard line on election security in negotiations with Democrats.

 
Tech Jobs Have Dried Up-and Aren't Coming Back Soon 
 

Employment for software engineers has cooled as resources shift toward developing artificial intelligence.

 
Brazil's Central Bank Resumes Hiking as Inflation Remains High 
 

Brazil's central bank raised interest rates for the first time in two years, just hours after the U.S. Federal Reserve joined a global cutting wave, as the victory over inflation that feels in reach in many parts of the world is looking uncertain in Latin America's largest economy.

 
Australian Job Market Robust Even as Growth Is Stalling 
 

Australia's unemployment rate was steady in August despite economic growth flatlining over recent months, with employment growing solidly and job market participation remaining at record levels.

(END) Dow Jones Newswires

September 19, 2024 01:15 ET (05:15 GMT)

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