The Fed's half-point cut in its target interest rate, to 4.75%, was well beyond the quarter-pointrnreduction most Wall Streeters were expecting. And the policymakers left the door cracked for further trimming "as needed." The question now: Will more be necessary?JAMES C.COOPER...
WASHINGTON (Reuters) - Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond yields, a...
Jefferies is surprised by the size of the US Fed rate cut. The decision to cut by 50 bps could be politically driven. Adds interest rate in US should be 3-3.5% by next year. Barclays Fed will not see sharper rate cuts, commodities have already priced in the upcoming rate cuts well. ...
In an emergency move Sunday afternoon, the U.S. Federal Reserve announced it is dropping its benchmark interest rate by a full percentage point to near zero – the first time interest rates have been this low since the 2008 financial crisis – and launching a plan to purchase at least $70...
"By itself, one rate cut isn't a panacea for borrowers grappling with high financing costs and has a minimal impact on the overall household budget," he added. "What will be more significant is the cumulative effect of a series of interest rate cuts over time." Will the Fed cut rates ...
Overall inflation has steadily cooled, having measured atjust 2.4% in Januarycompared with a year earlier, according to the Fed’s preferred gauge, down from a peak of 7.1% in 2022. Yet recent economic data have complicated the picture and clouded the outlook ...
The July jump in the unemployment rate, to a nearly three-year high of 4.3%, "may be exaggerating the degree of cooling in labor markets," she said, pointing to a low level of layoffs and the likelihood that Hurricane Beryl had temporarily slowed job gains. ...
Market implied Fed Funds rate discount a string of cuts starting in January 2024 and culminating in a 4.492 percent in January 2025. These expectations are based on the perception that the Federal Reserve will achieve a soft landing and that inflation wi
Indeed, hours before the Fed cut its benchmark interest rate, Bank Indonesia — the central bank of the country — announced itsfirst rate cut in three years in what was seen as a surprise move. Speaking before the Fed rate cuts,Henry Wibowo, head of Indonesia research and strategy ...
Of course, the Fed's rate cuts aren't the best news for savers, as they've been causing savings accounts and CDs to pay less. If the Fed hits pause on rate cuts in December, consumers will get a little more time to earn extra interest on their savings or toopen a CD...