Trimming of Fed rate cut bets for 2025 may sting stocks and boost the dollar.
Crude oil prices raced higher, erasing an intraday loss of nearly 3% to probe within a hair of $72 per barrel (bbl), the highest in a week. That marked a rise of more than 5.2% from the session open before the panic eased. The West Texas Intermediate (WTI) crude oil benchmark is heading into the close with a gain of 2.7%.
The Fed’s Rate Cut: A ‘Soft Landing’ – Or ‘Fake News’?
The rate cut is about repairing the Fed’s damaged credibility. “Going big” with 50 basis points is a psychological gambit, to convey decisiveness and self-confidence.
What does the Fed interest rate cut mean for mortgages and homebuyers?
The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers. Few areas of the economy welcomed the news more than the nation’s sluggish housing market,
Powell Points to Two More Normal-Size Rate Cuts This Year
Jerome H. Powell, chair of the Federal Reserve, said that central bankers will lower rates as much as needed, but have forecast two more quarter-point rate cuts this year.
Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller.
Dollar gains as Powell pushes back on jumbo rate-cut bets
The dollar rose broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts. The yen steadied close to the middle of its range against the dollar over the past month,
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible
Powell said two more rate cuts are possible if the economy continues to perform as expected, though they are likely to not be as aggressive as the cut two weeks ago.
Fed's Powell says rates will 'over time' reach neutral level, not on preset course
The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and "over time" reach a level that is no longer holding back activity,
Fed sees no 'hurry' to cut rates as confidence in economy grows, Powell says
By Howard Schneider NASHVILLE, Tennessee (Reuters) -Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing economic growth and consumer spending.
US Fed 'not in a hurry' to cut rates
Chairman Jerome Powell indicated on Monday that the US central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing economic growth and consumer spending.
Projected Fed rate cuts could see 'income drag' akin to 2020 :Mike Dolan
If you think Federal Reserve interest rate cuts could overly spur an already briskly growing U.S. economy, consider the other ...
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More rate cuts on the way
(ABC 6 News) — The Federal Reserve says more rate cuts could be on the way, but not all at once. Federal Reserve Chair Jerome ...
RBI rate cut prospects for October dim on rising Middle East tension
While major central banks across the world have embarked on an easing cycle, the RBI is unlikely to follow the suit in ...
Recent Data Shows Americans Rushed to Lock in Mortgages Just Days After the Fed Cut Interest Rates
Data from Redfin and the Mortgage Brokers Association show prospective homebuyers are eager to take advantage of lower ...
South Korea inflation cools more than expected as rate cut talk grows
South Korea's consumer inflation cooled more than forecast in September and below the central bank's target for the first ...
Rate cuts might make it cheaper to buy a house, but they won't fix the US housing market's biggest problem
Lower interest rates might seem like a boon for buyers, but builders are facing a host of problems preventing them from ...
Faster EU Rate Cut Possible After Inflation Falls Below 2 Percent
Inflation in the eurozone dropped to 1.8 percent in September which could lead to faster interest rate cuts from the European Central Bank (ECB). Inflation fell below the ECB's target of 2 percent for ...
Bank of Canada says it's reasonable to expect more rate cuts
Given the continued progress the Bank of Canada has made in bringing inflation back down to the 2 per cent target, it is ...
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Fed Chair Powell says the US economy is in ‘solid shape’ with gradual rate cuts coming
Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would ...
Futures dip ahead of labor data; Powell signals modest rate cuts
U.S. stock index futures were flat to slightly lower on Tuesday as investors awaited labor market data, a day after Federal ...