Category: Jerome Powell

Mar 20

S&P 500 closes at historic 5,200 mark after Fed signals rate cut

Article content Wall Street traders sent stocks to fresh all-time highs as the United States Federal Reserve signalled it’s on track to cut interest rates for the first time since the onset of the pandemic. In a historic move, the S&P 500 topped 5,200 on speculation that the end of the most-aggressive Fed hiking cycle […]