Federal Reserve Cuts Rates, Wall Street Continues Post-Election Rally

Fed Signals Further Rate Cuts as Economy Shows Strength

The Federal Reserve announced another interest rate cut and hinted at more to come, citing positive economic indicators.

The central bank lowered the benchmark rate by 25 basis points to stimulate growth, with expectations of additional cuts in the future. Fed Chair Powell expressed optimism about the economy’s performance in the upcoming year.

Stock Futures Edge Higher Post-Fed Announcement

Investors respond positively to Fed’s decision, pushing stock futures higher for another day.

US stock futures inched up after the Fed’s rate cut, continuing the market rally that followed the recent election. All three major indices are on track for strong weekly gains.

TSMC Reports Slowing Sales Growth

Taiwan Semiconductor Manufacturing’s revenue growth indicates potential slowdown in demand.

While TSMC’s October revenue increased significantly from the previous year, the growth rate has slowed, suggesting weakening demand from certain sectors.

Bitcoin Approaches Record Highs Amid Election Optimism

Bitcoin’s price remains near all-time highs following the election, fueled by expectations of crypto-friendly policies under the new administration.

The digital currency surged after Trump’s victory, with investors betting on increased adoption and legitimacy in the market.

Crude Prices Set for Strong Weekly Gains

Oil prices rise on production delays and supply disruptions, leading to positive weekly performance.

OPEC+ decision to postpone production increases and potential sanctions on Iran and Venezuela under the new administration support oil prices, despite some temporary disruptions due to Hurricane Rafael.