Federal Reserve Chairman Jerome Powell speaks during a press conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | This report is from today’s CNBC Daily Open, our newsletter for international markets. CNBC Daily […]
The use of pagers and walkie-talkies in several consecutive coordinated explosions in Lebanon has brought into focus the security of global supply chains and their vulnerability to manipulation by governments or other actors. The use of thousands of electronic devices in the attacks, which were believed to have been orchestrated by Israel as part of […]
U.S. Treasury yields rose on Thursday as investors digested the Federal Reserve’s decision to cut interest rates by 50 basis points on Wednesday. At 2:49 a.m. ET, the yield on 10-year government bonds rose by over one basis point to 3.7018%. The 2-year government bonds The yield was last less than one basis point higher […]
NEW YORK (AP) — Just a day after pagers used by hundreds of members of the militant group Hezbollah exploded, more electronic devices detonated in Lebanon on Wednesday in what appears to be a second wave of sophisticated, deadly attacks targeting an extraordinary number of people. Both attacks, which many believe were carried out by […]
The news many potential homebuyers have been waiting for is finally here: the Federal Reserve is cutting interest rates. Does that mean Bay Area home hunters should turn to Zillow in hopes of finding a cheap mortgage loan? Not yet, say local real estate experts. For the most part, lenders have already factored the interest […]
The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices went through a period of high volatility before all three major US market indices closed […]
So the Federal Reserve just cut its benchmark interest rate by 50 basis points. But what does that mean for us poor souls stuck in a real estate world that feels like purgatory? It’s pretty complicated, but what you need to know in 10 seconds or less is that while mortgage rates probably won’t drop […]
WASHINGTON – The U.S. Federal Reserve on Wednesday decided on its first interest rate cut since the beginning of the Covid pandemic, lowering the key interest rate by half a percentage point to prevent a slowdown in the labor market. In view of the declining employment situation and falling inflation, the Federal Open Market Committee […]
Alaska Airlines completed the acquisition of Hawaiian Airlinesthe companies said Wednesday, a day after the U.S. Department of Transportation approved the deal on the condition that the airlines maintain the value of their frequent flyer programs and keep several key routes. The merger agreement between the two airlines was reviewed by the US Department of […]
Here you can see the development of consumer interest rates as the markets expect a rate cut by the Fed The Federal Reserve is expected to make its first interest rate cut on Wednesday after more than two years of tight monetary policy. The central bank’s target interest rate range is currently 5.25 to 5.5 […]
