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GBP/USD sank for a fifth straight session on Wednesday, falling as the US Dollar catches a broad-market bid after the Fed held rates steady and stuck to its stubborn wait-and-see stance, trimming hopes for a September rate cut.
Stocks declined after the Fed held rates steady, with Jay Powell signaling during the press conference that he’s comfortable waiting for additional data before considering any cuts.
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Federal Reserve Chair Jerome Powell held firm on monetary policy, calling the central bank's current stance “modestly restrictive” and reiterating that no decision has been made about a rate cut in September.
Fresh Start Consulting launches credit repair service to boost FICO scores for mortgage qualification, optimizing credit reports with results visible in as little as 17 days.
Shares of industrial equipment manufacturer Kadant (NYSE:KAI)
jumped 6.7% in the afternoon session after the company reported its second-quarter financial results, where it maintained its full-year outlook, and received a positive rating reiteration from an analyst.
The White House said the tariff has been implemented to deal with recent policies, practices, and actions of the Brazilian government, which present a “national security” threat to the U.S.
