The Fed just cut interest rates again, this time by a quarter of a percentage point
The Fed's rate cut comes as inflation approaches the 2% level. (iStock ) of the fed just cut interest rates This is the second time this year, and the move was largely expected as inflation continues to decline. The Federal Reserve cut its policy rate by a quarter of a point from 4.5% to 4.75%. […]
Voters Want Donald Trump to Fix Migration Before Tax Cut
Voters want President-elect Donald Trump to resolve the immigration crisis before passing a tax bill, according to a post-election poll by Ipsos and Reuters. “Twenty-five percent of respondents said immigration should be a priority, far more than any other issue.” Reuters reported Thursday. The report adds: About 14% of respondents said Trump should focus on […]
Gold prices steady near $2,700 as markets digest Fed rate cut, Trump 2.0 – Investing.com
Investing.com — Gold prices fell in Asian trading on Friday, as markets digested the effects of Donald Trump's second term as president, even as the dollar weakened following a Federal Reserve interest rate cut. Despite this, I felt little sense of security. The yellow metal took a hit this week as the dollar soared following […]
Gold price surges above $2,700 as Fed cut rates weighed on US yields – FXStreet
Gold benefited from the Fed's dovish rate cuts and hints of flexibility in future policy direction. Investors are becoming cautious as Chairman Powell has suggested that rate cuts may be adjusted to changes in the labor market. The upcoming UoM consumer sentiment report and inflation expectations could further impact gold momentum. Gold prices rose above […]
EUR/USD grapples with 1.08 after Fed deals out another interest rate cut – FXStreet
EUR/USD pared gains on Thursday after the Federal Reserve met market expectations for further interest rate cuts. As most investors expected, the Fed cut its key policy rate by 25 basis points. Market participants are now focused on whether the Fed will cut rates one more time in 2024. On Thursday, EUR/USD pared its gains […]
Report: Rory McIlroy to cut back 2025 PGA Tour schedule severely
After a year of playing significantly more golf than in the past, Rory McIlroy says he intends to significantly reduce his schedule in 2025. Talk to James Corrigan telegraph paperMcIlroy said he hopes to compete in 18 or 19 tournaments in 2025. Next week's DP World Tour Championship will almost certainly see McIlroy earn his […]
Gold price hovers around $2,690 as Fed cut reinforces safe-haven appeal – FXStreet
Gold rose after the Fed cut interest rates by 25bps as expected. The Fed notes that risks are balanced, but there is economic uncertainty, supporting gold's appeal as a safe-haven asset. Powell's future comments could provide further insight into the Fed's interest rate path and economic caution. Gold prices held firm, rising more than 1% […]
Nissan to cut 9k jobs, reduce CEO’s monthly pay by 50% as company struggles
Nissan Motor Co. Senior Vice President Jeremy Papin talks about Nissan's growth efforts on “The Big Money Show,” highlighting “breakthrough advances” in consumer EVs. Nissan Motor Co., Ltd. announced that it will “take emergency measures'' to rebuild its business model after its consolidated net revenue and global sales volume declined and its operating profit margin […]
Larry Fink says Fed won’t cut interest rates as much as some think
Wolfgang Koester, vice chairman of Sapphire, details his excitement for the fintech space, looks ahead to this week's earnings and previews October's jobs report. BlackRock CEO Larry Fink said Tuesday he doesn't think the Federal Reserve will cut interest rates as much as some analysts expect, citing “embedded” inflation. At the annual Future Investment Initiative […]
October jobs report to arrive days ahead of Election Day, Fed’s rate cut decision
Vanlion Capital Management CEO Shana Cissell and Bullseye American Ingenuity Fund Portfolio Manager Adam Johnson discuss Meta and Alphabet's earnings and how a divided government will affect stocks. The Ministry of Labor is scheduled to release its report. job report Economic data for October will be released on Friday, the last major economic data ahead […]