Live Blog : Powell Says Trump Not Permitted by Law to Fire Fed Officials, Governors
Airbnb Shares Fluctuate as Fourth Quarter Booking Outlook Beats Estimates
Trump's MAGA vision may have encountered a "stumbling block"! Powell firmly defends the independence of the Federal Reserve.
Federal Reserve Chairman stated that the President does not have the authority to fire or demote him; early Friday morning Beijing time, the Federal Reserve announced a 25 basis point rate cut.
Cross-market firecrackers are sounding! After the Federal Reserve's interest rate decision night, what is the probability of a rate cut in December?
①If measured by the comprehensive performance of cross-assets, yesterday may have been the best performing day of the year for the Fed interest rate day market; ②The Fed announced a 25 basis point rate cut to 4.5%-4.75% on Thursday as expected by the market, with a possible rate cut again in December; ③CME's FedWatch tool shows that traders currently expect a 25 basis point rate cut by the Fed in December with a probability of 67.8%.
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Transcript: Fed Chief Jerome Powell's Postmeeting Press Conference -- WSJ