Rate Cut Hopes Boost Financial Stocks

New York Federal Reserve President John Williams hinted at a potential December rate cut, boosting market confidence and causing a surge in financial stocks. Perella Weinberg Partners saw a five point six percent increase, but remains down twenty-four point four percent since the start of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.