News Highlights: Top Global Markets News of the Day - Friday at 7 PM ET

Fed's Waller Sees More Rate Cuts and Tamer Inflation Ahead 
 

The Fed governor supported a half-point reduction in interest rates at this week's policy meeting.

 
The Lone Dissenter Inside the Fed Who Voted Against Powell's Rate Cut 
 

Governor Michelle Bowman, who supported a smaller cut, said she worries that moving too fast looks like 'a premature declaration of victory.'

 
U.S. Stocks Slip; FedEx Shares Sink 
 

U.S. stock indexes wobbled Friday but notched gains for the week. The S&P 500 and Dow industrials both closed at record highs Thursday, a delayed response to the Federal Reserve's jumbo rate cut.

 
Canada Retail Sales Climb 0.9% in July, Seen Up Again in August 
 

Strengthening sales volumes will be welcome news to the Bank of Canada, which has been concerned about downside risks to the economy.

 
Israel Kills Top Hezbollah Commander in Beirut Strike 
 

The attack represents another security failure for the militant group that has been reeling from repeated Israeli blows.

 
BOJ Governor Strikes Cautious Note Over Global Economic Outlook 
 

Bank of Japan Gov. Kazuo Ueda warned about uncertainties related to the global economic outlook at a press conference following the central bank's decision to keep rates unchanged.

 
China Leaves Benchmark Lending Rates Unchanged, Defying Expectations 
 

The People's Bank of China shrugged off expectations for a cut following the Federal Reserve's outsize rate cut earlier this week.

 
Solving the Mystery of an Investment That's Too Good to Be True 
 

Chasing the promise of a 17.1% return reveals nonexistent companies, illusory returns and unlicensed salespeople making absurd claims.

 
Week Ahead for FX, Bonds: U.S. PCE Inflation Data, Australia Rate Decision 
 

Attention will switch back to economic data for indications on how fast U.S. interest rates will fall from here.

 
U.K. Shoppers Keep Spending as Sun Shines 
 

Retail sales were 1% higher in August than in July, helped by warmer weather and end-of-season discounts, in a boost to economic growth.

(END) Dow Jones Newswires

September 20, 2024 19:15 ET (23:15 GMT)

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