Nopphon Pattanasri | Istock | Getty Images Investors have been able to get better cash returns as the Federal Reserve raised interest rates to lower the pace of inflation. Now that the central bank is cutting rates — with a new quarterly rate cut announced by the Fed on Thursday — experts say holding cash … Read more
The Federal Reserve approved its second straight interest rate cut on Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy. Following September’s big half-percentage point cut, the Federal Open Market Committee cut its benchmark overnight lending rate by a quarter of a percentage point, or 25 basis … Read more
The labor market will be the focus of Powell’s remarks, says DA Davidson’s Ragan Fed officials’ current view of the labor market could be one of the key takeaways from Powell’s press conference on Thursday, according to James Ragan, director of wealth management research at DA Davidson. “The biggest thing he can talk about is … Read more
Check out the companies making headlines in midday trading. Dutch Bros – Shares surged more than 32% after the coffee chain’s better-than-expected third-quarter results. Dutch Bros. earned 16 cents per share on revenue of $338 million for the period, while analysts polled by LSEG had penciled in 12 cents per share on revenue of $325 … Read more