interest-rates
BankingHSBC to Cut Best Lending Rate in Hong Kong by 12.5 Bps to 5.25%
InvestingDollar Charges Ahead, Yen Flinches Lower After BOJ Holds
InvestingOil Falls on Demand Concerns After Fed Signals Slower Easing Ahead
InvestingAsian Stocks Slide After Fed Flags Slower Rate Cuts, BOJ Stands Pat
Sterling Drops Before Fed Policy Meeting, After UK Inflation Data
Date: December 18, 2024
By Stefano Rebaudo (Reuters) – Sterling fell versus the dollar before the Federal Reserve’s policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures were in line with analyst expectations. Consumer prices rose by an annual 2.6% in November, although services inflation held at...
Oil Edges up Ahead of US Fed Rate Decision, 2025 Outlook
Date: December 18, 2024
By Arunima Kumar (Reuters) -Oil edged up on Wednesday as a drop in U.S. crude inventories offered some support, although investors stayed cautious ahead of a potential interest rate cut by the U.S. Federal Reserve and its projections for 2025. Brent futures rose 53 cents, or 0.7%, to $73.72 a barrel at 1436 GMT, while...
Dollar Firm Before Fed, Carmakers Rally on Honda-Nissan Talks
Date: December 18, 2024
By Amanda Cooper LONDON (Reuters) -Global shares and the U.S. dollar edged up on Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year’s final flurry of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks. The dollar traded at multi-month, and even multi-year, highs against a...
Fed Expected to Combine Interest Rate Cut With Hawkish 2025 Outlook
Date: December 18, 2024
By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a “hawkish cut” set to be delivered alongside policymakers’ updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration. The anticipated quarter-percentage-point move would lower the U.S....
UK Inflation Hits 8-month High but Underlying Pressures Steady
Date: December 18, 2024
By William Schomberg and David Milliken LONDON (Reuters) -British inflation hit an eight-month high in November, but the rise in services prices – watched closely by the Bank of England as an underlying measure of inflationary pressures – held steady, offering the central bank a little bit of relief. Investors added slightly to their bets...
Dollar Holds Firm Against Peers as Investors Await Fed Rate Cues for 2025
Date: December 18, 2024
By Brigid Riley TOKYO (Reuters) – The U.S. dollar held firm on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut ahead of other major central bank meetings this week, pushing the Australian and New Zealand dollars to fresh lows. The Fed is widely expected to deliver a 25-basis-point...