US Fed Policy Awaited: No Interest Rate Cuts Expected, Possible Cut in November

Name: US Fed Policy Awaited: No Interest Rate Cuts Expected, Possible Cut in November
Uploaded: 2024-06-11T11:06:01+05:30
Duration: 3 min 1 s
Description: US markets closed near highs with slight rise. Record closing of S&P 500 and Nasdaq. The market is waiting for US Fed Policy. There is no hope of cut in interest rates, the market expects 1st rate cut in November this year. Apple shares fall 2% after announcement of AI plan. After declining sales, GameStop shares fell by 15% intraday. Increase in Crude Oil up to 2.5%.

US markets closed near highs with slight rise. Record closing of S&P 500 and Nasdaq. The market is waiting for US Fed Policy. There is no hope of cut in interest rates, the market expects 1st rate cut in November this year. Apple shares fall 2% after announcement of AI plan. After declining sales, GameStop shares fell by 15% intraday. Increase in Crude Oil up to 2.5%.

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Written By: Zee Business Video Team

Updated on: June 11, 2024, 11.06 AM IST