Headline Details

Fed rate-cut signal sends stocks surging, wounds yields, dollar

Published on: Thu, 20 Jun 2019 15:16:15 UTC
News Agency: Reuters
Description:
World stock markets surged on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.

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