Federal Reserve Official's Remarks Boost Market Expectations

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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John Williams Federal Reserve comments spark market optimism, increasing the likelihood of a December rate cut from 37% to 70%. Investors view lower rates as beneficial for the economy, often leading to positive stock market reactions. WEX shares, for instance, closed up 4.4% following the news. This development will be a significant focus for investors and economists in the coming weeks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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