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 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 […]
(Bloomberg) — A rally that had briefly pushed stocks to all-time highs hit a wall when the Federal Reserve signaled it was in no hurry to ease monetary policy after cutting interest rates by half a percentage point. Most read by Bloomberg The S&P 500 gave up a 1% gain as Jerome Powell warned against […]
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy on September 18, 2024 in Washington, USA. Tom Brenner | Reuters Federal Reserve Chairman Jerome Powell said Wednesday’s larger-than-expected interest rate cut could have only a limited impact on the race […]
After four years on the global markets, the US Federal Reserve is marking the beginning of a new phase of the rate-cutting cycle. It will cut rates from the current 23-year high between 5.25% and 5.50%. As for the stock market’s reaction, it all depends on whether Jerome Powell makes a 25 or 50 basis […]
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 […]
Federal Reserve Chairman Jerome Powell answers a question from a reporter during a press conference following a meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 31, 2024. Andrew Harnik | Despite all the hype surrounding them, Federal Reserve meetings are usually […]
It’s been a long and bumpy road to the Federal Reserve’s first interest rate cut in more than four years – a moment that could be pivotal for the finances of millions of Americans. On Wednesday, the Fed is expected to cut its benchmark interest rate, currently at its highest level in 23 years, after […]
Important points There is an unusual atmosphere of uncertainty surrounding the meeting of the US Federal Reserve on Wednesday. Why? No one is sure whether the Fed will cut its benchmark interest rate by the usual quarter of a percentage point or even by an even more aggressive half a percentage point. In addition, the […]
