Fed cuts stimulus as expected; Bernanke prepares to departJonathan SpicerJason Lange
by Felix Richter, Jun 13, 2024 As has been widely expected after the latest economic data, the Fed decided to keep its policy rate steady for the seventh consecutive time at its June meeting, while also dialing back expectations for rate cuts in 2024. Following a two-day meeting of the...
China's foreign exchange reserves will likely further rise this year while remaining overall stable, as the domestic economic recovery strengthens and the US Fed is poised for interest rate cuts, which may propel capital flow into China, Liu said. The nation saw the resumption of net...
Still, the shekel has moved to a month high of around 3.65 per dollar, gaining 3% so far in August, on a belief that the current conflict is contained and will not turn into an all-out war with Hezbollah or Iran, as well as on expectations of ne...
Gone from the statement was a key clause that had referenced “the extent of any additional policy firming” that might come. Some Fed watchers had beenlooking for language to emphasize that additional rate hikes were unlikely, but the statement left the question at least somewhat open. ...
"But the Fed now has room to ease if economic conditions start to deteriorate," he said. Solomon also called 2023 a "year of execution" for Goldman – which began with the bank laying off about 3,200 employees, one of the deepest rounds of job cuts ever for the company. "We took sw...
Market pricing before the CPI release indicated a tilt toward the first rate cut coming in May, with a likely total of five quarter-percentage point moves lower before the end of 2024, according to CME Group data. However, several Fed ...
Futu Morning Post | Fed 'hawkish': interest rate cuts will only stop in December if unexpected inflation appears; Blue chips party night! Shopify soared more than 21%, sea rose more than 10%, stock prices hit a new two-and-a-half-year high. 5 After the election, it soared 40%!
More Rate Cuts From Fed Expected TuesdayJEANNINE AVERSA
Fed Expected to Stop Rate Cuts