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In commodities, bonds, and crypto: West Texas Intermediate crude oil dipped 1% to $71.03 a barrel. Brent crude , the international benchmark, was lower by 1.01% to $75.27 a barrel.
In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel.
Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%.
The Fed's latest meeting minutes showed concern that inflation could remain sticky, partly because of Trump's trade policy. Stock market today: Indexes mixed as traders take in Fed minutes, mull ...
Tech stocks led the market higher on Friday, partly driven by a blowout quarterly earnings report from Broadcom. The company's stock popped 24% to a $1 trillion valuation for the first time ever ...
The S&P 500 and the Nasdaq jumped to a fresh record high on Thursday after the Fed delivered a 25 basis point rate cut. Stock market today: Stocks extend post-election rally as the Fed cuts ...
The System Open Market Account (SOMA) is a securities portfolio managed by the Federal Reserve Bank of New York, that holds the assets it has purchased through open market operations (OMOs) in the course of carrying out monetary policy.
Edit Update. Stocks hold steady as Fed’s rate cut arrives. Stocks largely remained unchanged Thursday afternoon after the Fed announced a 25-basis-point interest rate cut.