Wall St indexes end lower after Powell erodes hopes for December rate cut
- Posted on November 15, 2024
- By Business News Today
- 5 Views
Wall St indexes end lower after Powell erodes hopes for December rate cut
US stock market indices closed lower. Federal Reserve Chair Jerome Powell reduced hopes of interest rate cut. Traders bet on a small rate reduction in December. Producer price index rose. Jobless claims dropped. Some companies and sectors performed well despite the overall market dip.
