• What did the Fed decide today?
• How did Trump’s win affect markets?
• What could Trump’s tariffs do to China’s economy?
MARKET MOVEMENTS
Dow Jones
S&P 500
Nasdaq
43,720.43(-0.02%)
5,950.70(+0.37%)
19,139.51(+0.82%)
Opening price as of 11/07/2024 compared to last close
IN THE HEADLINES
Just In: Fed Cuts Rates Again
The Federal Reserve cut interest rates by 0.25% in its second reduction of 2024, as inflation moderates and the economy stabilizes. The Fed's statement offered no clear guidance on future cuts, but officials will continue to assess economic data. The decision follows Donald Trump's election victory, though the Fed maintained its independence and avoided commenting on political impacts. Read more
Trump's Win Drives Market Rally and Dollar Surge Amid Inflation Concerns
Trump's election win triggered a rally in U.S. stocks and the dollar, with the S&P 500 reaching record highs as investors anticipated tax cuts, tariffs, and deregulation. Bitcoin also surged, while Treasury yields rose on inflation concerns tied to higher deficits. Markets impacted by potential tariffs, like the Mexican peso, declined. With Republicans controlling Congress, confidence in Trump’s agenda grew, leading to high trading volumes and expectations that the Federal Reserve may slow rate cuts in response to inflation risks. Read more
Trump's Victory Threatens 60% Tariffs on China, Risking $200B in Exports & Economic Slowdown
Following Donald Trump's 2024 election victory, he has threatened to impose 60% tariffs on Chinese goods, potentially cutting China’s exports by $200 billion and impacting GDP. In response, China is expected to announce more fiscal stimulus. While China has been diversifying trade, U.S. protectionist measures may intensify under a Republican-controlled Congress, further challenging China’s economy. Read more
TradeUP TIDBITS
The Fed Rate Cut: What It Means For Your Bank Accounts, Loans, Credit cards, and Investments
The Federal Reserve's recent decision to cut interest rates could bring changes to your financial landscape. With lower rates, borrowing becomes cheaper, which may reduce monthly payments on loans and credit cards. On the flip side, savings accounts and investments may yield less. This cut reflects efforts to stimulate economic growth and manage inflation, and its effects will be felt across various financial areas, including loans, mortgages, and savings accounts. Understanding these impacts can help you make smarter financial choices.
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