Central Bank – Charm

Investors are salivating over rate cuts as Trump’s firing of Lisa Cook opens the door for a GOP Fed majority: ‘This is very positive’

President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook has triggered a legal showdown over the central bank’s independence. But on Wall Street, at least some investors aren’t worried about institutional norms; instead, they’re excited about the prospect of cheaper money over time. “This is very positive,” Jay Hatfield, CEO of Infrastructure Capital…

Federal Reserve considers interest rate cuts amid economic challenges from tariffs

Cs news3 weeks ago3 weeks ago05 mins

Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…

Stocks waver ahead of Fed speech but EU tariff deal lifts Europe | Northwest & National News

Cs news3 weeks ago3 weeks ago05 mins

Stock mostly fell Thursday ahead of a widely awaited speech on US interest rate policy, though a deal on American tariffs for a swathe of EU goods gave a late-session boost to European markets. The agreement, struck as part of President Donald Trump’s tariffs blitz, will see most EU exports face 15-percent levies but ended…

Judge denies request seeking to make Fed’s FOMC rate meeting public this week

Cs news2 months ago05 mins

The Federal Reserve won a legal victory Monday when a federal judge denied a request for a temporary restraining order compelling the central bank’s Federal Open Market Committee (FOMC) to open its rate deliberations to the public starting Tuesday and Wednesday. The request came as part of a lawsuit filed by money manager Azoria Capital…

Exclusive-Russia’s VTB to gain billions of roubles if interest rates come down, CFO says

Cs news2 months ago06 mins

By Elena Fabrichnaya ST PETERSBURG, Russia (Reuters) -Every 1% cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50% of its profits via dividends – half of it…

Wall Street tumbles as investors retreat further from US

Cs news5 months ago5 months ago018 mins

Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its…

What economists say about Argentina’s FX reforms and IMF deal

Cs news5 months ago04 mins

By Lucila Sigal and Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s central bank has announced a major overhaul to the country’s exchange rate policy, unleashing the peso and years-long controls on the currency ahead of an expected $20 billion International Monetary Fund deal. The central bank announced that it will undo a fixed currency peg…

Federal Reserve expected to hold interest rates flat amid economic uncertainty

Cs news6 months ago6 months ago06 mins

The Federal Reserve isn’t expected to announce any changes to its key interest rate Wednesday, a sign of caution amid significant economic uncertainty.These borrowing costs have wide ripple effects across the economy, influencing mortgages, car loans and credit cards. The Fed previously raised its benchmark rate in a rapid series of hikes to fight pandemic-era…

Global stocks unfazed as US and Russia hold talks | Billings News

Cs news7 months ago07 mins

Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…

Asian markets mixed as traders pare Hong Kong tech rally | Nation

Cs news7 months ago08 mins

Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end. The Hang Seng Index’s gains extended an impressive start to the year, with the emergence of…