interest-rates
InvestingLondon Stocks Drop After Inflation Data, Focus Shifts to Fed
TradingSterling Rises After UK Inflation Data and Ahead of Fed
Top StoriesWith Fed’s Rate Cut at Hand, Debate Swirls Over How Large a Move
Top StoriesUS Stocks Flat, Dollar Lower as Traders Brace for Fed Easing
US Dollar Edges Lower as Traders Await Fed Rate Cut Decision
Date: September 18, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as traders braced for the Federal Reserve’s much-anticipated decision to cut interest rates. The U.S. central bank is expected to deliver its first interest rate cut in more than four years at...
How Some Hedge Funds Would Trade a Rate Cutting Cycle
Date: September 18, 2024
By Nell Mackenzie LONDON (Reuters) -While many investors hope falling interest rates will usher in a soft economic landing, others forecast a calm before the storm. Here are hypothetical trading ideas shared by three hedge funds on what is next for the U.S. and global economies at the start of a U.S. easing cycle. Markets...
UK Inflation Holds at 2.2% but Services Prices Keep BoE on Alert
Date: September 18, 2024
By Suban Abdulla LONDON (Reuters) -British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that the central bank will keep interest rates on hold on Thursday. Consumer price inflation of 2.2% last month was...
With Fed’s Rate Cut at Hand, Debate Swirls Over How Big a Move
Date: September 18, 2024
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve on Wednesday almost certainly will lower interest rates for the first time in more than four years as the U.S. central bank starts to reverse the restrictive conditions it imposed to beat back inflation, but whether policymakers opt for a half-percentage-point cut or smaller move...
Morning Bid: Traders Still Guessing in Final Fed Countdown
Date: September 18, 2024
A look at the day ahead in European and global markets from Kevin Buckland With just hours until one of the most highly anticipated central bank decisions in recent memory, traders are still agonising over the odds of a super-sized Federal Reserve rate cut. An unexpected rise in U.S. retail sales on Tuesday initially...
Oil Prices Rise on Supply Shocks, Prospect of US Interest Rate Cuts
Date: September 17, 2024
By Shariq Khan and Arunima Kumar NEW YORK (Reuters) -Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected. U.S. crude oil futures gained $1.31, or 1.9%, to $71.40 by 12:03...