The Fed could be in wait-and-see mode as the president-elect develops his economic strategy for 2025 and beyond.
The central bank is widely expected to make its third interest-rate cut of 2024 Wednesday, at its last meeting of the year.
The news: The Federal Reserve on Wednesday delivered its third interest rate reduction in three months, but it bundled the ...
The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly 3%, closing at 5,872.
The Federal Reserve is no longer just recalibrating, but entering a new phase on monetary policy. Fed Chair Jerome Powell ...
The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate ...