000 jobs were created last month—implying that the Fed might not need to cut rates as drastically to keep the economy healthy. The odds of a 50-point cut in November dropped to zero. The odds of a 25-point cut shot up to 99.1%, and...
The central bank left rates unchanged, but cautioned rate cuts depends on progress in getting inflation down.
True, they can borrow for even more cheaply than 1%. Three-month and six-month inter-bank lending rates in the euro zone are running over a quarter-point lower than that. And whatever the hawkish noises from ECB members like Axel Weber, interest rates aren’t going up anytime soon with ...
The fact that core inflation is still high has caused markets to change their expectations about what the Federal Reserve will do with interest rates. The news caused a significant drop in major stock indices like the Dow Jones. It also made it less likely that the Fed will cut ...
“Those loans were made available at rock bottom interest rates – in many cases under 1 percent. And the loans could be continuously rolled over so they were effectively available for an average of about two years.”