WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news … [+] conference following the September meeting of the Federal Open Market Committee on September 18, 2024 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) Getty Images The focus for weeks on the Federal Reserve’s rate cut today has been on…
The Federal Reserve signaled Wednesday it would lower interest rates two more times this year after it slashed its benchmark federal funds rate by 50 basis points to a range of 4.75%-5.0% at the conclusion of its meeting on Wednesday. Fed officials see the fed funds rate coming down to 4.4% in 2024. That suggests…
Bitcoin (BTC-USD) hit a three-week high as the crypto industry braces for the Federal Reserve’s first interest rate cut in four years. Citizens JMP director of financial technology research Devin Ryan joins Market Domination to discuss how the crypto market may impacted by the Fed’s rate easing cycle. Ryan notes that the last month has…
FTSE 100 Live (Evening Standard) Reckitt shares higher in cautious FTSE 100, PZ Cussons down 15% 08:34 , Graeme Evans Investors are trading cautiously ahead of tonight’s Federal Reserve decision, leaving the FTSE 100 index 19.80 points lower at 8290.06. The defensive positioning benefited consumer goods group Reckitt Benckiser, which rose 94p to 4704p as…
The dollar fell, resuming this month’s downtrend, as traders debated the size of a potential Federal Reserve interest-rate cut later Wednesday. Japanese shares rose. Bloomberg’s dollar index dropped for the fifth time in six days as market-implied odds put the chance of a half-point Fed rate cut Wednesday at just over 50%. The central bank…
Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures. The Federal Reserve interest-rate decision, rate-cut outlook and Fed chief Jerome Powell’s press conference loom Wednesday. The stock market rally started off Tuesday solidly, with the S&P 500 joining the Dow Jones in new high ground. But the key indexes…
All the debate about the upcoming Fed meeting centers around whether Chair Jay Powell will cut the funds rate by 25 or 50 basis points. However, most economic models indicate that he should be choosing the level of the Fed Funds rate that best fits economic conditions and not its rate of decline from very…
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 prove decisive to the finances of millions of Americans. On Wednesday, the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years,…
Wall Street investors are betting the Federal Reserve will more likely opt for a jumbo interest rate cut over a quarter-point cut, according to the latest data. Futures on the Fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a 61% chance of a 50 basis-point rate cut by the central bankers Wednesday….
The Dow hit an intraday record high, but technology stocks weighed on the S&P 500 and the Nasdaq on Monday ahead of the Federal Reserve’s pivotal monetary policy decision, due later in the week. In recent trading, the Dow Jones Industrial Average gained 121 points, or 0.3%, to 41,515. The blue-chip index had soared more than 300 points…