Wall Street Up After Fed Slashes Rates Again Squawk Box Europe Express podcast

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Wall Street up after Fed slashes rates again

4M ago 27:14

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The S&P and Nasdaq attain fresh record highs after the Fed cuts rates for a second consecutive time. However, Fed chair Jerome Powell’s press conference was dominated by questions about his position at the central bank following the re-election of President Donald Trump. Trump rewards his campaign manager Susie Wiles with the position of chief-of-staff, the first key appointment to his White House team. Outgoing President Joe Biden promises to ensure a smooth transition of power. In the UK, the Bank of England cuts rates by 25bps while hiking the inflation forecast following Chancellor Rachel Reeves’ new budget. Governor Andrew Bailey says developments Stateside are being closely monitored. Following the collapse of the German coalition government, Chancellor Olaf Scholz is under pressure to hold snap elections. Chairman of the Supervisory Board at Siemens Energy Joe Kaeser tells CNBC that the German economy is crying out for political stability.

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1534 episoder

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Wall Street up after Fed slashes rates again

Squawk Box Europe Express

published 4M ago

Dela

MP3•Episod hem

Innehåll tillhandahållet av CNBC International. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av CNBC International eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

The S&P and Nasdaq attain fresh record highs after the Fed cuts rates for a second consecutive time. However, Fed chair Jerome Powell’s press conference was dominated by questions about his position at the central bank following the re-election of President Donald Trump. Trump rewards his campaign manager Susie Wiles with the position of chief-of-staff, the first key appointment to his White House team. Outgoing President Joe Biden promises to ensure a smooth transition of power. In the UK, the Bank of England cuts rates by 25bps while hiking the inflation forecast following Chancellor Rachel Reeves’ new budget. Governor Andrew Bailey says developments Stateside are being closely monitored. Following the collapse of the German coalition government, Chancellor Olaf Scholz is under pressure to hold snap elections. Chairman of the Supervisory Board at Siemens Energy Joe Kaeser tells CNBC that the German economy is crying out for political stability.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

… continue reading

1534 episoder

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