Market

Stocks Climb, Gold Hits Record as Investors Consider More Aggressive Cuts

September 13, 2024, 10.50 PM | Source: Reuters
Stocks Climb, Gold Hits Record as Investors Consider More Aggressive Cuts

ILUSTRASI. A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 17, 2023. REUTERS/Andrew Kelly

GLOBAL MARKET - LONDON/WASHINGTON. U.S. stocks opened higher on Friday and gold hit a record high after an overnight upheaval in investor expectations for a supersized Federal Reserve interest rate cut next week.

Stocks, Treasury prices and commodities all rallied after traders raised the chances of a half-point cut from the Fed next week to 41%, from closer to 14% a day ago, before articles in the Financial Times and Wall Street Journal each called the decision "a close call".

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Editor: Yudho Winarto
Latest News