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US Fed Meeting Updates: FOMC Cuts Rates by 25 Basis Points; S&P 500 Hits Record High After Powell's Remarks
The S&P 500 reached a record high after the FOMC's 25 basis point rate cut, with Jerome Powell’s remarks on the economy and labour market providing further optimism for investors.
08 Nov 2024, 01:50 AM IST 
Following Jerome Powell’s comments, the Federal Reserve’s decision to cut rates by 25 basis points provided a boost to the markets, pushing the S&P 500 to a new all-time high. (File photo of Chair Jerome Powell at the FOMC press conference on Photo source: Federal Reserve/X)
KEY HIGHLIGHTS
US Fed Meeting Live: S&P 500 Hits Record High, Nasdaq, Dow Jones Extend Gains — Markets Update
US Federal Reserve Interest Rates Live: Election To Have No Impact On FOMC Decisions
US Federal Reserve Interest Rates Live: Labour Market Not A Source Of Significant Inflationary Pressure, Powell Says
US Federal Reserve Interest Rates Decision Live: Inflation Goals ‘Roughly In Balance,’ Says FOMC
US Federal Reserve Interest Rates Live: FOMC Cuts Interest Rates For The Second Consecutive Time By 25 Basis Points
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US Fed Meeting Live: S&P 500 Hits Record High, Nasdaq, Dow Jones Extend Gains — Markets Update
Here’s how US markets are reacting after Federal Reserve interest rate cut:
Dow Jones rose 0.15% to 43,770.54.
S&P 500 rose 0.9% to an all-time high at 5,979.30.
Nasdaq rose 1.6% to 21,115.39.
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US Fed Meeting Live: 10-Year Treasury Yield Extends Decline
The US 10-year treasury yields has decline to more than 10 basis points to 4.332%.
US Fed Meeting Live: FOMC ‘Beginning To Think’ About Slowing Rate Cut Pace
The FOMC is already beginning to think about slowing the pace of interest rate cuts, Powell said.
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US Fed Meeting Live: Powell Says Won't Step Down If Asked By Trump
Federal reserve chair Jerome Powell said that he would not step down if he would be asked to by the US Present Elect Donald Trump.
US Federal Reserve Interest Rates Live: Election To Have No Impact On FOMC Decisions
The US elections will have no impact in the near term on FOMC decisions, Powell said while answering reporters during a press conference.
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