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. ...
Daryl Guppy, former national board member of the Australia China Business Council and Australian representative of the Silk Road International Chamber of Commerce, noted that the Fed's giant rate cut reflects the debt crisis of the U.S, and the impacts will flow to all regional currencies that...
Updated on: September 19, 2024 / 5:22 AM PDT / CBS News It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. ...
FRANKFURT, Aug. 25 (Xinhua) -- The euro-to-dollar exchange rate has been under pressure over the past weeks, weighed down by a strong dollar amid mixed Fed rate cut prospects and worries over a protracted slowdown and political uncertainties in the euro zone. The exchange rate retreated to ...
File – Federal Reserve Board ChairmanJerome Powellspeaks during a news conference at the Federal Reserve in Washington, Nov. 7, 2024. [Photo: Mark Schiefelbein/AP Photo] TheFederal Reservecut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled ...
For now, the majority of economists polled by FactSet are forecasting a rate cut from the Fed at its June 12 meeting. If that occurs, it would mark the first interest rate reduction since March 2020, when the central bank moved to stimulate growth as the pandemic was slamming the economy...
Chamber of Commerce, noted that the Fed's giant rate cut reflects the debt crisis of the U.S, and the impacts will flow to all regional currencies that are tied to the dollar peg. Many countries may be forced to take rate cuts that are not entirely suitable for local conditions, he ...
While the federal funds rate is designed to set what banks charge each other, it trickles down to everything from mortgages to student loans. If you’re planning on applying for a credit card, a home, or a car loan any time soon, here’s how the latest interest rate cut will impact...
Still, Raphael Bostic, president of the Atlanta Fed, said earlier Wednesday on CNBC that he envisions just one interest rate cut this year, likely in the final three months of the year. Mester and Bostic are among the 12 policymakers with a vote on the central bank’s interest ...
While the Fed approved the rate cut, it left in place a program in which it is slowly reducing the size of its bond holdings. The process, nicknamed "quantitative tightening," has brought the Fed's balance sheet down to $7.2 trillion, a reduction of about $1.7 trillion from its peak. ...