Stock Market Rally Today: Equities Surge as Shadow Fed Chair Announcement Looms – First Light News
With investors all but fully pricing in a 25-basis-point (bp) rate cut in September, and 60 bps of easing by the year-end, this, alongside the AI (Artificial Intelligence) trade, is fuelling equity gains.BLS Chief Fired Following Friday’s Job ReportVersus a basket of six major currencies, the US Dollar (USD) Index has remained little changed since Friday’s sizeable 1.4% fall following the dismal US July payrolls report. The chunky downward revisions showed an average hiring pace of 35,000, promp