Fed Rate Cut Hints Boost Stocks

Stocks like Knowles, Kyndryl, Equifax, HNI, and IAC surged in afternoon trading today, following a Federal Reserve officials hint at a potential December interest rate cut. John Williams, president of the Federal Reserve Bank of New York, suggested room for a further adjustment in interest rates, shifting market expectations and sparking optimism across major indices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.