The U.S. Federal Reserve (Fed) cut its benchmark interest rate by 0.25 percentage points on Thursday (local time), continuing expansionary monetary policy after a big cut in September (0.5 percentage points). Fed’s Chair Jerome Powell made it clear that he would not step down even if U....
Economists noted support for rate cuts may be even stronger now, as the meeting occurred before the release of July’s weak jobs report. Meeting minutes released Wednesday bolstered confidence that an interest rate cut is likely in September, but it’s still unclear how many members of t...
Next stop: Rate cuts. Photo illustration by Fortune; Original photo by Getty Images With inflation steadily headed toward the 2% target, the Fed announced at its November 7th meeting that it would cut interest rates by 0.25 basis points, after dropping the rate by 0.50% on September 18th. ...
Next stop: Rate cuts. Photo illustration by Fortune; Original photo by Getty Images With inflation steadily headed toward the 2% target, the Fed announced at its November 7th meeting that it would cut interest rates by 0.25 basis points, after dropping the rate by 0.50% on September 18th. ...
Powell's comments suggest "a September interest rate cut remains very much in play," noted Capital Economics in a Tuesday research note. Recent economic data shows some signs of cooling. For instance, the jobless rate, while is still low, has increased slightly to 4.1% in June, while payrol...
A Chinese official was quoted saying that China's foreign-exchange reserves have declined since September 2008. The People's Bank of China said that it would cut the benchmark one-year lending rate to 5.31 which was down from 7.47 per cent in mid-September. The rate is expected to lower ...
the successive interest rate cuts by the US Federal Reserve in mid-September and end-October. legco.gov.hk 隨 多間 主要中央銀行向市場注入流動資金,以及美國聯邦儲備局連續在九月 中以及十月底減息,環 球金融市場的情況已略有好轉。 legco.gov.hk [...] and drops strongly – Liq...
The impact of interest rate cuts on home prices isn't always predictable. While lower interest rates may lead to higher prices, economic conditions can sometimes result in price drops or stability. Instead of trying to time the market, focus on your current situation and long-term goals. If ...
Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. Nasdaq and S&P rose 1%. "The time has come for policy to adjust," the central bank leader said in his much-awaited keynote addres...
Federal Reserve Chair Jerome Powell signaled during a speech Friday at the Kansas City Fed's symposium in Jackson Hole, Wyoming, that interest rate cuts are on the way.