Federal Reserve cuts interest rate by 25 bps
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Miran, Trump and Fed
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The Federal Reserve has delivered an early holiday-season gift to the stock market with its quarter-point cut to interest rates. But there could be obstacles ahead.
U.S. stocks opened mostly higher on Thursday, one day after the Federal Reserve delivered another interest-rate cut after a nine-month pause, as investors cheered news of Nvidia Corp.'s investment in struggling rival Intel.
Stock Market Today: Dow Futures Rise After Fed Signals More Rate Cuts Coming; Intel Surges Premarket
Trump’s tariffs continue to affect the global economy and interest rates. Follow along for live updates on the Dow, S&P 500, Nasdaq and other markets.
Bitcoin, XRP and Ethereum jumped early Thursday as crypto investors welcomed the Federal Reserve’s first interest-rate reduction in nine months and digested the prospect of more cuts to come.
London (UKX) +0.17% to 9,223. Germany (DAX:IND) +0.96% to 23,584, outperforming its European peers. France (CAC:IND) +0.82% to 7,850. The economy of Georgia grew by 7.3% Y/Y in Q2. Switzerland's trade surplus narrowed to CHF 3.