The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier…
Wall Street inched a little higher Wednesday ahead of the Federal Reserve’s latest decision on interest rates. Futures for the S&P 500 rose 0.3% before the bell, while futures for the Nasdaq rose 0.4%. Futures for the Dow Jones Industrial Average ticked up 0.2%. If the Fed leaves interest rates alone as expected Wednesday, the…
Get live updates on tariffs, the trade war and mass layoffs throughout a busy day for the US economy. Interest rate decision looms as Fed discusses tariffs and trade war impacts With rising tariffs looming, experts warn of increased consumer prices as the Federal Reserve convenes to address economic implications. (Scripps News) Scripps News Interest…
The stock market has fallen fast over the past month. Business and consumer sentiment is souring, and investors are afraid that economic data will soon start to show deeper cracks. The question on Wednesday: Will the Federal Reserve also express concern about the path ahead? So far, Fed officials have largely avoided commenting on an…
March 19 – U.S. stock index futures gained some ground on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision. The central bank is expected to leave its benchmark overnight interest rate unchanged in the 4.25%-4.50% range, when it releases its policy statement at 2 p.m. ET (1800 GMT). Traders see about 60…
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
March 17 – U.S. stock index futures took a hit on Monday as Treasury Secretary Scott Bessent’s comments added to unease about an economic slowdown, while focus was on tariff-related signals from the Federal Reserve’s upcoming meeting. In a Sunday interview with NBC, Bessent warned that there are “no guarantees” the United States will escape…
Government shutdown averted: Senate advances funding bill Democrats helped the Senate advance the GOP spending bill with a vote of 62-38. U.S. stocks ended the day higher, with the blue-chip Dow clawing back 675 points, on optimism the government will stay open. Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill,…
NEW YORK (AP) — The U.S. stock market has just dropped 10% from its high set last month, hurt by worries about the economy and a global trade war. The fall for the S&P 500 is steep enough that Wall Street has a name for it: a “correction.” Such drops have happened regularly for more…
BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index…