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Winter Storm Toby, the fourth nor'easter in less than three weeks, may be one of the heaviest snowstorms this late in the season, slamming the northeast I-95 corridor, resulting in power outages and thousands of flights cancelled.
European stocks and U.S. equity futures traded lower Thursday as investors brace for the next shot in a brewing global trade war as President Donald Trump is set to unveil $50 billion in new tariffs targeted ...
Thursday 08.05 GMT “President Trump’s trade barriers are causing concerns for the Fed, where policymakers believe will put a break on growth and the market seems to agree,” says Paul Flood, ...
Investing.com - Asian equities were mixed in morning trade on Thursday, as investors considered the implications of the Fed’s policy decision. Fears of global trade wars continued to weigh as U.S. president Trump is reportedly set to impose tariffs on more than 100 different types of Chinese goods over intellectual-property violations on Thursday.
The Federal Reserve said it would raise short-term interest rates a quarter-percentage point and signaled it could lift them at a slightly more aggressive pace in coming years to keep the strengthening ...
Asia Pacific equities had an unsteady start to Thursday following the US Federal Reserve’s decision to raise rates and as the Trump administration threatened new trade curbs on China. Japan’s Topix swung ...
The Dow Jones Industrial Average could not hold on to its gains today. Stocks went up after the Federal Reserve released its statement, which didn't feature too many changes. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all finished down on the day.
The U.S. dollar slid against major currencies, bond yields slipped, and stocks were mostly steady on Wednesday after the Federal Reserve raised its policy interest rate, and noted economic growth was strengthening, but left markets expecting only three rate rises this year. The U.S. central bank as expected raised its policy rate to 1.50-1.75 percent, but disappointed currency traders who had bet it was prepared to raise rates four times this year as the jobs market approaches full employment. The U.S. dollar saw its largest one-day loss in two months against major currencies.
The Federal Reserve is almost certain to hike interest rates today to the highest level in a decade. Yahoo Finance’s Alexis Christoforous, Dion Rabouin, and David Nelson of Belpointe Asset Management breakdown the details.