interest-rates
Top StoriesOil Prices Set to End Week Higher After US Rate Cut
InvestingGlobal Investors Brace for Turmoil as Big Fed Cut Sows Confusion
FinanceBOJ Keeps Interest Rates Steady, Sticks to Upbeat Economic View
TradingDollar Edges Lower in Choppy Trading After Fed Rate Cut
Fed Rate Cut Glow Spreads to Wall Street, Jobs Data Helps
Date: September 19, 2024
By Isla Binnie NEW YORK (Reuters) – U.S. stock indexes sailed higher in the wake of their global counterparts and the dollar wobbled on Thursday after the Federal Reserve started a long-awaited interest rate cutting cycle with a chunky half-point move. The U.S. central bank gave a boost to risk assets on Wednesday with a...
Bank of England Leaves Rates at 5%, Pound Hits Highest Since March 2022
Date: September 19, 2024
LONDON (Reuters) – The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($132.86 billion) over the coming 12 months, weighing on the government’s finances. The Monetary Policy Committee voted 8-1 to keep rates on hold, with only...
Analysis-After Jumbo Fed Rate Cut, Market Hopes Ride on US Soft Landing
Date: September 19, 2024
By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) – One of the most consequential Federal Reserve meetings in recent history has put investors’ focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly. The Fed delivered a...
Bank of England Set to Hold Rates With Bond Sales in Spotlight
Date: September 19, 2024
By Andy Bruce (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves’ first budget. British inflation held steady in August...
Fed’s Powell: Central Bank Forecasts Don’t Point to Urgent Action
Date: September 19, 2024
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don’t imply an urgent process. “There’s nothing in the (Summary of Economic Projections) that suggest the Committee is in a rush to get this done,” Powell said in...
Fed Policymakers See end-2024 Policy Rate at 4.4%: Projections
Date: September 18, 2024
WASHINGTON (Reuters) – U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, more than they anticipated in June, as inflation approaches their 2% goal and unemployment rises. That’s according to the median of new economic projections published on Wednesday by the Federal Reserve at the end of...