Fed rate cut expectations buoy housing market

This week's busy global central bank agenda was manna for stock market bulls who especially welcomed the Federal Reserve decision to stand dovishly pat, for now, and a surprise Swiss National Bank rate cut deemed a foreshadowing of where its peers were heading easing-wise this year. The question for Asia after stocks in Tokyo and Taiwan hit record highs Thursday is whether a breather is in store or another round of yet higher highs across timezones.

The frugal life of Warren Buffett: How the billionaire spends his fortune, from McDonald's breakfasts to a rare and 'indefensible' splurge Japan Airlines announced plans to order more Boeing planes Thursday but it’s not the show of confidence investors might initially expect.Is Enbridge Inc. Trading At A 43% Discount?

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U.S. Federal Reserve says 3 interest rate cuts still expected despite high inflationChair Jerome Powell said the surprising pickup in inflation in January and February hadn't fundamentally changed the Fed's picture of the economy.
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Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflationWASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street , despite signs that inflation remained elevated at the start of the year.
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Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflationWASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street , despite signs that inflation remained elevated at the start of the year.
Source: SooToday - 🏆 8. / 85 Read more »