The Fed Tied Its Own Hands with Rate Cut Decision
Speaking on Fox Business Network's “Kudlow” show on Wednesday, Breitbart News economics editor John Carney said the Fed should have waited until after the election to cut interest rates, and that announcing a 50 basis point cut now would force the Fed to do the same thing in November. Carney said:[T]They should have waited until […]
Federal decision on Nippon-US Steel takeover to be pushed back
Nippon Steel Corp., Japan's largest steelmaker, is asking for its takeover bid for U.S. Steel to be resubmitted, a person familiar with the matter told The Hill, which would delay a decision on approving the deal until after the presidential election. The Committee on Foreign Investment in the United States (CFIUS), an interagency group that […]
How to play the Fed decision using options on gold – CNBC
Gold is trading at an all-time high due to a combination of inflation concerns, geopolitical risks, and expectations surrounding monetary policy. The Federal Reserve is scheduled to announce on Wednesday at 2 pm ET, with the market speculating a possible half-point rate cut. Given that the Fed's stance on the economy is soft due to […]
US Dollar softens ahead of Fed rate decision – FXStreet
The US dollar is stabilizing as analysts are still debating the size of future rate cuts. Traders will likely sit and wait until a decision is made, followed by a press conference from Fed Chairman Powell. The US Dollar Index fell back on Wednesday after a small gain the previous day. Ahead of the Federal […]
Stock market today: Global shares trade mixed ahead of Federal Reserve rate decision – Yahoo Finance
TOKYO (AP) — Global stock markets were mixed on Wednesday as investors awaited an expected economic slowdown. Interest rate cuts This is the first time in more than four years that the Federal Reserve has done so. France's CAC 40 was down 0.2% at 7,474.92 at the open, while Germany's DAX was down just under […]
Australian Dollar appreciates due to risk-on mood ahead of US Fed interest rate decision – FXStreet
The Australian dollar is extending gains as risk sentiment improves ahead of the US Federal Reserve decision. The Reserve Bank of Australia's hawkish stance is supporting the Australian dollar. The US dollar is weakening as the Fed is likely to cut interest rates by 50 basis points on Wednesday. The Australian Dollar (AUD) rose for […]
Gold price remains close to record high, awaits pivotal Fed decision before the next leg up – FXStreet
Gold prices attracted bargain-hunting, reversing some of the previous night's correction. Expectations of a 50bps Fed rate cut are capping attempts by the USD to recover and providing support. Bulls appear hesitant to make aggressive bets in the face of major central bank event risks. Gold prices (XAU/USD) closed lower for the first time in […]
Miami makes decision on Lionel Messi’s availability for NYCFC match
Soccer fans in New York can take solace in the knowledge that they'll have a chance to see Lionel Messi play at Yankee Stadium on Saturday. How much he plays is another story. Inter Miami coach Gerardo Martino told reporters on Tuesday that Messi will be available for Wednesday's game against Atlanta United and the […]
Washington Capitals Make Glorious Decision To Bring Back Iconic ‘Screaming Eagle’ Jersey
As a native DMV person, I couldn't be happier! For the 2024-25 season 50th Anniversary To commemorate this special campaign for the Washington Capitals, the team will wear their iconic black Screaming Eagle jerseys for six home games at Capital One Arena. The jersey's color scheme is black, blue and bronze, with the Capitol logo […]
Last major union yet to endorse in Harris-Trump showdown nears final decision
The International Federation of Trucking Associations is the only one of the nation's top 10 unions not endorsing Vice President Kamala Harris, who will face former President Trump in the 2024 presidential election, but it could announce who it will support in the White House race as soon as later this week. “We are considering […]