After its Sept. 17-18 meeting, the central bank slashed the target range for the federal funds rate by 50 basis points, which marked the first rate cut in over four years and signaled the start of an easing cycle. At ...
He candidly stated that the Fed's recent decision to cut interest rates by 75 basis points may have been premature, as inflationary pressures have not yet fully subsided. Moreover, with President-elect Donald Trump set to return to office, his proposed economic policies, including higher tariffs...
The likelihood of a US Fed rate cut happening on September 18 remains high. The market is concerned about whether the Federal Reserve will slash interest rates by 0.5 percentage points or by a less aggressive quarter-point. Read More Legal Notice / Disclaimer Ahead of the Herd newsletter, ahea...
US Fed Cuts Rates by 1 /4 PC as Worries about Growth Emerge
US Borrowers Get Quick Relief as Fed Cuts Rates By Reuters | Sept. 18, 2024, at 4:06 p.m. Save MoreReuters A screen on the trading floor at The New York Stock Exchange (NYSE) display a news conference with Federal Reserve Chair Jerome Powell following the Federal Reserve rate ann...
Arend: Our baseline is that the Fed will cut rates in September and December this year. However, we are not in the camp that believes that the timing of the US election somehow restricts the ability of the Fed to cut, if the data were to warrant it. Indeed, in the last 17 presidenti...
On Wall Street, the Standard & Poor’s 500 and Nasdaq Composite hit record highs on Thursday after the Fed cut rates as scheduled and Powell dismissed the possibility of resigning despite Trump’s election win. The gap between South Korean and U.S. interest rates narrowed to 1.5 percentage ...
The main focus remains Wednesday’s Fed decision, which will be followed by policy announcements in Japan, the Nordics and the UK this week. Even if we get a “hawkish cut” from the Fed, it would be because the central bank sees underlying strength in the economy, and that means t...
The bank, which last month cut interest rates for the first time since the pandemic, is widely expected to reduce borrowing costs again at its next meeting in November, especially as it will have details of the government’s budget on Oct. 30. On Wednesday, ...
Fed Rate Cut: Winners and Losers Will you be better or worse off after a Fed rate cut? Find out here. Erik J. MartinDec. 18, 2024 What Do Lower Rates Mean for Retirees? Retirees may need to rethink their investments and income plans as interest rates begin to decline. ...