(Bloomberg) — European stocks are poised to decline, tracking weakness in Asian equities as a world-beating rally in Chinese shares paused. Oil extended gains amid concern over escalating tensions in the Middle East. Most Read from Bloomberg Futures on the Euro Stoxx 50 index fell 0.4%, while those on US shares declined 0.2%. A gauge…
Two Federal Reserve officials explained why they were in favor of reducing interest rates by a jumbo 50 basis points instead of a smaller first cut, citing progress on inflation and a cooling job market. Those twin developments “have emerged much more quickly than I imagined at the beginning of the summer,” Atlanta Fed president…
When the Federal Reserve meets Wednesday, officials are expected to mark the end of an era as they cut interest rates for the first time in four years and chart a course for lower rates over the next two years. “This is a big meeting,” said former Kansas City Fed president Esther George. “It’s one…
Stocks managed to secure solid wins ahead of a critical interest rate decision from the Federal Reserve, which has investors on edge over how aggressively the central bank will bring down interest rates. The tech-heavy Nasdaq Composite (^IXIC) led markets higher to nab its best week of the year, up about 6%. That weekly best…