the Swiss franc and gold since last weekend. The Japanese stock market plunged for days, with the yen soaring and Japanese long-term interest rates decreasing significantly.
Savings account rates, on the other hand, behave a bit differently. Since banks and credit unions can lower them at the drop of a hat, savings accounts are free from the rate commitment that a CD offers. As a result,high-yield savings accountrates are less likely to move in advance ...
According to the minutes of the Fed's July meeting that was released on Wednesday, Fed officials were divided over whether to cut interest rates. STIMULUS PACKAGE EXPECTED Within the euro zone, incoming economic data over the past months have mostly been on the soft side, and the ECB has op...
Fed holds rates steady, indicates three cuts coming in 2024The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, policymakers on...
The central bank hiked rates earlier this month by 75 basis points, which was the largest increase since 1994, amid skyrocketing inflation, especially soaring food and gasoline prices. In an op-ed in The Guardian, Robert Reich, a former U.S. labor secretary, argued that higher interest rates...
Since last year, Japanese government bonds have suffered continuous sell-offs as the interest rate spread between Japan and the United States further widened amid upward pressure on long-term interest rates and the BOJ. Following the SVB's collapse, the price of Japanese government bonds quickly ...
The latest move came after the Fed raised its benchmark interest rate by 75 basis points at its June meeting, marking the sharpest rate hike since 1994. The Fed previously raised rates by 25 basis points in March and then by 50 basis points in May. ...
WASHINGTON (AP) — Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all. The minutes of the July 30-31 ...
However, Tim Duy, a veteran Fed watcher and economics professor at the University of Oregon, believed that the central bank could pause rate hikes for some time after raising rates this week. "If the economy turns slower more quickly than anticipated, this will be the last hike for some ti...
The decision to keep rates steady was widely expected. Following today's meeting, the FedWatch tool, which tracks fed funds futures trading, projected an 81.6pc probability of a quarter point cut at the September FOMC meeting and an 18.2pc chance of a half point cut, compare...