A new trading week began as the last one ended. Monday saw big gains on the New York Stock Exchange, fueled by the big AI-connected tech companies and increased hopes for an interest rate cut in December.
TechnologyUSA's president Donald Trump seems to have narrowed down his list of possible candidates to replace Fed chief Jerome Powell – and is now pointing out three top names.
BusinessIn two trading days in a row, the New York Stock Exchange had risen from weeks of ashes. It became a third day in a row when a renewed hope of lowered interest rates in the USA contributed to lifting stock prices.
BusinessPrice increases in the wake of import tariffs will be "temporary" and "transitory". This is stated by Christopher Waller, one of the members of the US central bank Federal Reserve's (Fed) board of directors, reports CNBC.
BusinessMany investors on Wall Street hope that the US central bank Federal Reserve (Fed) will deliver an early Christmas present in the form of a lowered interest rate at its meeting on December 17-18. Christopher Waller, a member of the Fed's board of directors, conditions the possibility:
BusinessThe European Central Bank (ECB) is expected to lower its key interest rate by 0.25 percentage points on Thursday. The reduction would be the second this year, following all the hikes in the inflation shock. It is also expected to be the starting point for a wave of reductions by other central banks – including the Swedish Central Bank.
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