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The Federal Reserve cut interest rates the second time this year, cutting its benchmark lending rate by a quarter percentage point as they extend efforts to keep the US economic expansion on solid ...
Economic data: MBA Mortgage Applications, week ending May 24 (+1.9% prior); Richmond Fed manufacturing index, May (-7); Federal Reserve releases Beige Book.
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year — stickier inflation data aside — and hinted at slowing down the pace of rate cuts.
The move came as Federal Reserve Chair Jerome Powell said it's ... S&P Global US composite PMI, April, preliminary (52 expected, 52.1 previously); Richmond Fed Manufacturing Index, April (-11 ...
The Federal Reserve Bank of Richmond is the fourth-largest Federal Reserve Bank by assets held, after New York, San Francisco, and Atlanta, as of December 2018. [5]Federal Reserve Note Seal (Richmond) Former presidents of the Richmond Fed (Left to Right: J. Alfred Broaddus Jr.; Robert P. Black; Jeffrey M. Lacker)
Investors will face a four-day trading week with the major US indexes near record highs as 2023 draws to a close. ... Richmond Fed manufacturing activity, December (-5 previously)
The performance spread between the S&P 500 and Nasdaq has narrowed — the S&P 500 is over 14% this year, the Nasdaq over 17% — but the Dow remains a laggard, rising just 3.8% so far in 2024 ...
Investors will also consider incoming consumer confidence data and the Richmond Fed's manufacturing index, both of which will be published later on Tuesday. Here's where US indexes stood shortly ...