Wednesday, July 31, 2019

Fed cuts rates, signals it may not need to do more

Fed cuts rates, signals it may not need to do more Fed Chairman Powell cited global weakness, simmering trade tensions and a desire to boost too-low inflation in explaining the central bank#39;s decision to lower borrowing costs

from Moneycontrol Business News https://ift.tt/2GF16xf

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...