By Panos Mourdoukoutas Technology shares led stocks to new highs this week, lifted by a long-awaited rate cut by the Federal Reserve, major tech investments, and stronger-than-expected retail sales. The Dow Jones Industrial Average ended the week on Sept. 19 at 46,315, up by 1.05 percent for the week. The S&P 500 Index closed at […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
