Fed cuts interest rates in first meeting since Trump win
The Fed on Thursday cut interest rates for the second time this year, opting to lower its target rate by a quarter of a percentage point.
Bank of England cuts policy rate to 4.75%
The Bank of England (BoE) has cut its policy rate by 25 basis points to 4.75%. The bank announced today that its monetary policy committee had voted by 8–1 to loosen policy, with the one dissenting member voting to hold the bank rate at 5%.
Fed cuts rates, says election has no bearing on policy
After rate cut, Fed chair says he has no plans to change policy following election :: November 7, 2024 :: Washington, D.C. :: Jerome Powell, Federal Reserve Chair "In the near term, the election will have no effects on our policy decisions.
The Fed Cuts Rates, but the Path Ahead Is Less Clear
Federal Reserve officials cut interest rates on Thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control. The Fed’s move comes just days after America elected Donald J.
Most of Wall Street rises after the Fed cuts interest rates
The Fed’s announcement that it was easing its main interest rate caused few ripples in the market because even the size of it was so well anticipated by investors. The central bank began easing rates in September and indicated that more cuts were likely as it focuses more on keeping the job market humming after helping get inflation nearly down to its 2% target.
Federal Reserve cuts interest rates a quarter percent
The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.
Stocks close mostly higher after Fed cuts interest rates
U.S. stocks closed mostly higher on Thursday, after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.
Fed Cuts By 25 Bps, To 4.75% Top Of Range, As Telegraphed To Backpedal From Monster Cut
FOMC members voted unanimously today to cut the Fed’s five policy rates by 25 basis points, after the 50-basis point cut at ...
The Associated Press on MSN2d
Text of the policy statement the Federal Reserve released Thursday
WASHINGTON -- Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended: ...
Bank of England cuts interest rates to 4.75% – but mortgages still set to rise
Interest rates have been cut for the second time this year, by a quarter of a percentage poi, but mortgage rates are still ...
Gundlach says not positive on long-term Treasury bonds due to 'fiscal financing problem'
Jeffrey Gundlach recommends staying in the "intermediate part" of the U.S. Treasury bond market avoiding longer-term ...
American Banker2d
Federal Open Market Committee press conference: Live coverage
The Federal Reserve's Federal Open Market Committee will announce its interest rate decision at 2pm, followed by a press ...
MoneyWeek1d
Live: Bank of England cuts interest rates to 4.75%
The outcome of the Monetary Policy Committee meeting was announced at midday today. Stay up to date with live reporting and ...
Malawi central bank keeps policy rate at 26%
Malawi's central bank said on Friday that its Monetary Policy Committee (MPC) had decided to keep its policy rate unchanged at 26.0% .
BOE Rates Won't Go Back to 'Very Low Levels,' Bailey Says
"I don't expect interest rates to go back to the very low levels that they were at prior to increasing rates unless there was ...
China's central bank affirms supportive monetary policy stance at closely watched meeting
The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy," state media said ...
PBOC Head Vows to Boost China Countercyclical Monetary Measures
China’s central bank chief pledged to maintain an accommodative monetary policy stance and to double down on countercyclical ...
The Financial Times2d
More growth, inflation and uncertainty: the BoE’s Budget verdict
The UK chancellor’s £70bn boost to spending has reinforced the monetary policy committee’s caution about the scope for further interest rate cuts, following the reduction from 5 per cent to 4.75 ...