This Oct 18, 2024, photo shows a general view of the Central business district of Hong Kong. (SHAMIM ASHRAF / CHINA DAILY) Hong Kong lenders may not fully align their prime rate cuts with the Federal Reserve’s anticipated easing, but the United States (US)’ central bank’s likely move is expected to have a positive impact…
The Federal Reserve’s rate decision on Wednesday is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. The real suspense is over how deep the reduction could be — and whether the Fed might signal a broader pivot that could set the course for the…
By Daniel Wiessner and Jan Wolfe (Reuters) – A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook – the first time a president has pursued such action since the central bank’s founding in 1913 – in the latest step in a legal battle that threatens the…
Bloomberg reports: Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and some potential for reductions extending into next year. That expectation has driven Treasury yields to the lowest in months, weakened the greenback and supported gold. Lower yields…
(Bloomberg) — Top Wall Street strategists said the record-setting US stock rally risks temporarily running out of steam after an expected Federal Reserve interest-rate cut this week. Strategists from Morgan Stanley, JPMorgan Chase & Co. and Oppenheimer Asset Management warned that a more cautious tone may replace the bullish mood as investors focus instead on…
US stock futures were flat Sunday evening as Wall Street turned its attention to a pivotal Federal Reserve meeting later this week. Futures attached to the Dow Jones Industrial Average (YM=F) , S&P 500 (ES=F), and Nasdaq 100 (NQ=F) all hovered around the baseline. The muted moves come after the major averages logged a strong…
“Most difficult time” to judge economy in 40 years as Federal Reserve heads to Sept. meeting – CBS News Watch CBS News CBS News business analyst Jill Schlesinger joined “Face the Nation with Margaret Brennan” to preview the Federal Reserve’s September meeting amid the Trump administration’s push for the agency to lower interest rates. Source…
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York. (Bloomberg) — A key question for investors this week is whether Federal Reserve officials push back against market bets on a series of interest-rate cuts extending into next year. Most Read from Bloomberg A…
WASHINGTON (Gray DC) – It’s a busy week in Washington as Congress holds key hearings and President Donald Trump travels abroad. Trump is set to leave Tuesday for the United Kingdom. His trip comes as the two nations look to work on a trade deal. It also follows last week’s Russian drone incursion on Poland…
Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting records. Yet as optimism about further gains has solidified into something resembling a consensus, even the most bullish are clear-eyed about a growing list of issues that…