The Fed’s cut today brings its key benchmark interest rate back to a target range of 4.25-4.5%, a level last seen in late 2022 and early 2023. Before that, rates hadn’t been this high since 2007. That’s all likely to keep the financing rates you see on the market elevated, too...
the Federal Reserves “target” inflation number is 2% (they use the PCE inflation data but its almost the same…). In theory, as we arrive to 2%, interest rate hikes will stop. As wedo not arrive to 2%, some argument is out there that ...
It’s also worth noting that the median FOMC “longer run” interest rate prediction came out at 3.75% from both the December and the March meetings, though the distribution of the individual “dots” from the latter has clearly drifted down. With a long-run inflation objective of 2%, that...
ECB interest rate decision ahead, US Q4 GDP EURUSD trades cautiously around 1.0420 in Thursday’s European session as investors focus on the European Central Bank’s monetary policy decision later in the day, following the Fed’s decision on Wednesday to keep ...
Trump’s odds on prediction markets surge near 100% as election results tilt his way BY Jason Ma November 6, 2024 Finance Trump shot himself in the foot with tariff plan if he wants an interest rate cut, Fed minutes show BY Eleanor Pringle February 20, 2025 Finance Bank of Engla...
Also read:Gold heads for weekly drop as traders weigh Trump, fed outlook On Friday, spot gold prices registered their worst week in more than five months as Donald Trump's victory in the presidential election has raised the prospect of higher tariffs which could keep interes...
The investment bank's prediction comes at a time when the global commercial real estate market has seenprices fall sharply over the past year. However, the property firm is expected to escape the downturn as it nearly doubled the rent it charged its tenants, and office-space vacancy in the...
Fed rate cut imminent? The Federal Reserve officials at their July meetingmoved closer to an anticipated interest rate cut, indicating that a September reduction was quite probable. “The vast majority” of members “observed that, if the data continued to come in about as expected, it would ...
Traders work on the floor at the New York Stock Exchange today. Brendan McDermid/Reuters The Dow inched lower on Wednesday after the Federal Reserve held interest rates on hold and signaled it expects one rate cut in 2024. The Dow fell 14 points, or 0.04%. The S&P 500 gained 0.8% ...
By the Fed’s own prediction, the unemployment rate will rise to 4.5% by the end of the year, up from 3.6% last month. That could translate to more than 1 million more Americans out of work by the end of 2023. Fed Chair Jerome Powell said that’s an uncertain but acceptable outcome...