News Highlights: Top Global Markets News of the Day - Thursday at 3 PM ET

The Fed Aims to Repeat Greenspan's 1990s Masterpiece 
 

The 1995 cuts helped lay the groundwork for a soft landing and the late '90s boom years.

 
Home Sales Slipped in August Despite Falling Mortgage Rates 
 

Sales of previously owned homes fell 2.5% from the prior month, as a recent drop in mortgage rates failed to offset home prices that remain near record highs.

 
Tech Stocks Surge as Post-Fed Rally Builds 
 

It took a while to sink in, but investors are belatedly giving a very warm welcome to the Federal Reserve's bold interest-rate cut. U.S. stocks rallied.

 
Leading index for U.S. economy falls for sixth straight month, signaling slower growth ahead 
 

The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline.

 
Bank of England Holds Off on Rate Cut After Fed Goes Big 
 

The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.

 
South Africa Is First Country to Lower Rates After Fed Cut 
 

SARB reduced its benchmark rate by a quarter percentage point to 8%.

 
Jobless claims fall to lowest level since May 
 

The number of Americans who applied for unemployment benefits last week fell to the lowest level since mid-May.

 
Philadelphia Fed's factory gauge moves back into growth territory in September 
 

The Philadelphia Federal Reserve Bank said Thursday its gauge of regional business activity rose to 1.7 in September from negative 7 in the prior month.

 
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.

 
Taiwan Central Bank Leaves Key Interest Rates Unchanged 
 

Taiwan's central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.

(END) Dow Jones Newswires

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

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