News list for " reserves sharply"
The Federal Reserve's bet on a sharp interest rate cut has faded, and spot gold has plunged nearly $50 at one point! Hezbollah has publicly supported a ceasefire in Lebanon for the first time, and Israel is considering attacking Iran's energy facilities... What's happening around the world last night and this morning?
Investors had expected the markets to wobble after the Federal Reserve slashed interest rates, but what they saw was a calm market. However, that calm could quickly dissipate. "I don't think this calm will last long," said Brian Jacobsen, chief economist at Annex Wealth Management, noting that a reversal in the stock market that night could indicate that stocks are expected to be weak, "unless we get some data that gives a clear sense of direction." Mr. Jacobsen said the market would be watching...
The Federal Reserve's expectations of a sharp interest rate cut continue to hit the market, and gold has set a new record high! The US index fell to the 101 mark, and the yen violently rose to a new high in the past two years... What major events happened around the world yesterday and this morning?
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