• Yahoo Finance

    Stock market today: Dow, S&P, Nasdaq slide as Fed cuts rates, signals 2 more reductions in 2025

    Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978

  • Reuters

    Fed's Powell not ready to say what Trump policies will do to economy

    Federal Reserve Chairman Jerome Powell said Wednesday it's too soon to say what President-elect Donald Trump's proposed economic policies will do to the economy and how that might bear on the central bank's policy choices. "We need to take our time, not rush” and see what the new president delivers, Powell said, amid economists' expectations that tariffs and deportations favored by Trump are likely to push inflation higher.

  • Reuters

    Wall Street dips, dollar strengthens as Fed cuts rates, tempers outlook

    NEW YORK (Reuters) -Wall Street turned lower and the dollar gained strength on Wednesday after the U.S. Federal Reserve delivered the expected rate cut, but sent a clear signal that it will ease the pace of further cuts in the coming year. As expected, the Federal Open Market Committee (FOMC) cut the Fed funds target rate by 25 basis points at the conclusion of its final policy meeting of 2024. But the central bank also reduced the number of projected rate cuts in the coming year.