FYRE: the Greatest Party that Never Happened Film Review LE WALL STREET JOURNAL. – VOL. CCLXXIII NO. 25 Jews Corp WSJ.com ** $4.00 THURSDAY, JANUARY 31, 2

FYRE: the Greatest Party that Never Happened Film Review LE WALL STREET JOURNAL.
– VOL. CCLXXIII NO. 25
Jews Corp
WSJ.com
** $4.00
THURSDAY, JANUARY 31, 2019
10-YR. TREAS. 5/32, yield 2.694%
1.8%
NASDAQ 7183.08 A 2.2%
OIL $54.23 $0.92
STOXX 600 358.51 A 0.4%
YEN 109.03
EURO $1.1482
GOLD $1,309.90 A $1.00
‘s Fed Signals Hold on Rate Increases
be an increase or a cut. “It’s prices rise and have stabilized rowing costs higher than the
s
earlier. Last month, they the data,” he said.
nce
ted
ne
or
ut-
Central bank chief says livered an about-face from
their policy stance six weeks going to depend entirely on following their
case for rate rises has
December economy could handle.
slide, with analysts more con- On Wednesday, Mr. Powell
‘weakened somewhat’; raised their benchmark rate by Stocks, which were already fident in the U.S. economy. cited growing risks of a sharp
Dow jumps 435 points
a quarter percentage point to
rallying on earnings reports
It was the opposite of what U.S. economic slowdown due
a range between 2.25% and from Apple Inc. and Boeing unfolded before and after the to cooling growth in Europe
2.5% and signaled two more Co., extended their gains after Fed’s December meeting. and Asia. He also said officials
BY NICK TIMIRAOS
rate rises were likely this year. the Fed statement. The Dow Stocks had been sliding head- were paying close attention to
“The case for raising rates Jones Industrial
WASHINGTON—The Federal has weakened somewhat,” Fed ended the session up 435 bled even further after the Fed trade disputes, Brexit and the
Average ing into that meeting and tum- policy-related headwinds from
Reserve indicated Wednesday Chairman Jerome Powell said points, or 1.8%-its best day raised its short-term rates and potential for future U.S. gov-
that it was done raising inter-
ernment shutdowns.
at a news conference after the since Jan. 4. The yield on the signaled it expected to lift
est rates for now, fueling a policy meeting.
market rally.
Please turn to page A2
benchmark 10-year Treasury them more in 2019 and be-
He declined, when asked, to
Officials voted to hold their say whether the Fed’s next
note fell to 2.694% from about yond. Bond yields slid as in-
vestors grew more concerned
2.73% before the announce
Heard on the Street The Fed’s
benchmark rate steady and de- rate move was more likely to
balance sheet problem. B12
the Fed was likely to push bor-
ment. Bond yields fall as
r. A1
ex-
Fed
_.8%
7-
B11
lir-
ver
A2
Midwest Temperatures Plunge to Lowest Levels in Decades
d
W-
–
A1
Facebook
Reports
Record
Quarter
t,
KASSOCIATED PRESS
BY GEORGIA WELLS

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