Exchange rates

AUDUSD

Delayed 02:49:13 2024-07-14 pm EDT			5-day change	1st Jan Change
0.6783 ^USD	0.00%		+0.55%	-0.40%

Jul. 12	Wall Street: steady rebound (+0.6%) despite disappointing PPI figures	CF
Jul. 12	Economics Watch: Rosenberg Research Says September, November and December Fed Meetings "All In Play" For a Rate Cut After Latest Inflation Data	MT

Industrials Lower After Mixed Fed Messages -- Industrials Roundup

April 04, 2024 at 04:20 pm EDT

Shares of industrial and transportation companies fell after mixed messages from the Federal Reserve.

Fed speakers tempered market optimism about the likelihood of a series of 2024 rate cuts. Hopes that the Fed was set to make at least three rate cuts this year were spurred by statements from Fed Chairman Jerome Powell on Wednesday.

The number of Americans who applied for unemployment benefits last week rose to a nine-week high of 221,000. But they remained quite low and didn't show any deterioration in the labor market.

Ford said it was delaying the launch of a three-row electric vehicle until 2027, allowing more time for EV demand to pick up.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

04-04-24 1820ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
FORD MOTOR COMPANY	14.02 USD	+4.05%	+9.15%	56.01B
BRITISH POUND / US DOLLAR	1.299 USD	+0.05%	+1.45%	-
EURO / US DOLLAR	1.091 USD	+0.29%	+0.63%	-
CANADIAN DOLLAR / US DOLLAR	0.733 USD	0.00%	-0.01%	-
AUSTRALIAN DOLLAR / US DOLLAR	0.6783 USD	0.00%	+0.55%	-
NEW ZEALAND DOLLAR / US DOLLAR	0.6117 USD	0.00%	-0.37%	-

Latest news about AUD / USD

Wall Street: steady rebound (+0.6%) despite disappointing PPI figures	Jul. 12	CF
Economics Watch: Rosenberg Research Says September, November and December Fed Meetings "All In Play" For a Rate Cut After Latest Inflation Data	Jul. 12	MT
Yen choppy on intervention jitters; Asia shares eye weekly gain	Jul. 12	RE
Australian dollar sails to six-month top as kiwi sinks	Jul. 11	RE
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FED'S GOOLSBEE: JUNE CPI REPORT 'EXCELLENT,' IMPROVEMENT ON SHEL…	Jul. 11	RE
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Fed's Musalem says cooler CPI data is 'encouraging'	Jul. 11	RE
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Fed's Musalem says cooler CPI data is 'encouraging'	Jul. 11	RE
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