KQED Nightly Business Report July 14, 2024
As until today. The move a controversial one and it comes at a time when the u. S. Economy remains solid. The risks come from a slowdown in Global Growth, so the decision to lower rates is considered an insurance cut designed to hel stave off the possibility of an economic downturn. Bu the chairman signalled that this is not the start of a trend and stocks dropped sharply. The Dow Jones Industrial average dropped 333 points to 26,864. It had been down more than 450 points. 500 was off by 32. And the s p Steve Liesman reports tonight from the Federal Reserve. Overnight lending among bank, down ...