Are you ready? pic.twitter.com/bAjvB1p3h0
— Bitcoin News (@BitcoinNewsCom) August 5, 2024
The Federal Reserve right now pic.twitter.com/2OxM7pasy2
— Connor Boyack 📚 (@cboyack) August 5, 2024
REMEMBER: “there’s an infinite amount of cash at the Federal Reserve.” pic.twitter.com/cgkUt6Qzgr
— VonDoom ☕️ (@CryptoVonDoom) August 5, 2024
💥 BREAKING: 🇺🇸 The U.S. @FederalReserve is set to call an emergency meeting today to discuss interest rates. pic.twitter.com/fqTmVprIbF
— Bitcoinsensus (@Bitcoinsensus) August 5, 2024
"I'm calling for a 75 basis point emergency cut in the Fed funds rate, with another 75 basis point cut indicated for next month at the September meeting – and that's minimum," says Wharton's Jeremy Siegel: pic.twitter.com/s4CgWx962Q
— Squawk Box (@SquawkCNBC) August 5, 2024
🇺🇸 Traders give 60% chance of an emergency rate cut THIS WEEK – Bloomberg pic.twitter.com/rKy55XzVYE
— Radar🚨 (@RadarHits) August 6, 2024
Stock market news today: Stocks set for bounce back after 3-day rout as tech leads futures higher
The coming days — and weeks — will provide key signals for what comes next. As Yahoo Finance’s Myles Udland writes, stocks still have the same problem waking up Tuesday that they did Monday: the Federal Reserve. The Fed has come under mounting pressure to act, as around three-quarters of traders now expect a 50-basis-point rate cut at its next meeting.
finance.yahoo.com/news/stock-market-news-today-stocks-set-for-bounce-back-after-3-day-rout-as-tech-leads-gains-133255334.html
h/t DOORBERT