Wall St sinks on Powell rate-cut caution, Trump cabinet picks By Reuters
By Sinéad Carew and Lisa Pauline Mattackal (Reuters) -Wall Avenue’s major indexes closed decrease on Friday, with the and Nasdaq notching their greatest one-day losses in two weeks, on considerations about slower interest-rate cuts and as traders reacted to cupboard picks by U.S. President-elect Donald Trump. Federal Reserve Chair Jerome Powell on Thursday cited ongoing … Read more