The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.
Stocks got a boost as the Federal Reserve cut interest rates. However, the 50-basis point (0.5%) cut was larger than many analysts expected. That puts the focus on the future pace of rate cuts.
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.
The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.