The S&P 500 is on the cusp of a new record high following the central bank’s dovish forecast on interest rates. But some market watchers are questioning the durability of the rally.
Tag: European Central Bank
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Powell, Fed’s Chair, Unleashes the Bulls
The Federal Reserve’s surprise projection that it may cut interest rate three times next year has triggered a global rally in stocks and bonds.
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Climate Protesters Get in Fed’s Face as Policy Clash Grows Louder
Jerome H. Powell, the central bank’s chair, has been interrupted recently by a climate group that thinks disruption will win the day.
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Eurozone Economy Shrinks, While Price Pressures Ease
Economic growth contracted 0.1 percent last quarter, and inflation in October fell to a two-year low, a sign that high interest rates were taking a toll.
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European Central Bank Keeps Rates on Hold for First Time in Over a Year
“Inflation is still expected stay too high for too long,” the bank said, but noted that its campaign of interest rate increases was helping to curb price pressures.