Briefings

Week InReview: November 15, 2024

US economy doing just fine.

Fed Chair Jerome Powell says the US economy is doing just fine, so there's no rush to lower interest rates. Traders dialed back their estimates of a cut next month to less than 60% from roughly 80% a day earlier.

 

Stock-index futures drop on Powell's comments. A gauge of the dollar is set to rise about 1.4% for the week. European equities head for a fourth weekly decline and Chinese stock slumped.

 

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