Stocks end lower after Powell throws cold water on hopes for December interest-rate cut
The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.
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Stock market today: Dow, S&P 500, Nasdaq slide after Powell dashes rate-cut hopes
Jerome Powell's hawkish comments are casting a pall on markets as the initial optimism for Donald Trump's policies starts to wear off.
Stock Market Today: Stocks Slip After Powell Talks Rate Cuts
Ahead of the opening bell, the Bureau of Labor Statistics said the Producer Price Index (PPI), which measures what businesses are paying subscribers for goods, increased 0.2% month over month in October. Year over year, the headline PPI was up 2.4% – the quickest pace since July.
Futures Drop as Powell Signals No Hurry on Rate Cuts
(Reuters) - U.S. stock index futures fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to reduce interest rates in a hurry, pushing up bond yields and pressuring rate-sensitive equities.
Stock market today: Dow, S&P 500, Nasdaq slide as Powell says Fed in no 'hurry' on rate cuts
Stocks moved lower after Federal Reserve Chair Jerome Powell said the central bank is in 'no hurry' on rate cuts.
Wall Street indexes end lower after hopes for next rate cut erode
Wall Street’s main indexes closed lower today after Federal Reserve Chair Jerome Powell dampened investors’ hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy.
Wall St indexes end lower after Powell erodes hopes for December rate cut
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy.
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U.S. Stocks Headed for Losses as Powell Punctures Trump Rally
The Trump trade looks to have temporarily run out of steam. U.S. stock futures were pointing to losses early on Friday, continuing a drop started the previous day by producer-price inflation data and ...
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Stocks head south as Fed chair sows rate cut doubts
The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year peaks as Federal Reserve rate cut doubts ...