Japanese Shares Gain on Yen as Traders Debate Fed: Markets Wrap – Yahoo Finance
(Bloomberg) — Japanese shares rose on a weaker yen, but other Asian shares were mixed as traders debated the size of the U.S. Federal Reserve’s interest rate cut later on Wednesday. Most read articles on Bloomberg Japan's stock indexes rose sharply at the open as a weaker yen in New York boosted the outlook for […]
The Ugly History of Preemptive Fed Cuts
Nothing to stop the Fed from cutting rates In economic news, the Federal Reserve began its two-day meeting on Tuesday. The economy continues to grow faster than expectedThis was buoyed by an unexpectedly strong consumer spending report and a strong increase in industrial production. The Fed Industrial Production GDP rose 0.8% in August, much stronger […]
FDNY chief Robert Tucker’s ties to China emerge amid fed probe
The New York City Fire Department's new chief's ties to China are coming to light against the backdrop of a federal investigation into foreign influence on city officials. According to reports, FDNY Commissioner Robert Tucker previously served as president of a private security firm whose one of its clients was a billionaire who once admitted […]
Stock futures rise as Wall Street awaits retail sales data, Fed policy meeting: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on September 13, 2024. Spencer Pratt | Getty Images Stock futures rose on Tuesday as Wall Street prepared for key retail sales data and the start of the Federal Reserve's September policy meeting. Futures S&P 500 increased by 0.3%, Nasdaq 100 Futures It rose […]
Global shares rise, dollar pinned lower by Fed rate cut bets By Reuters – Investing.com
By Samuel Indyk and Ray Wee LONDON (Reuters) – European shares rose on Tuesday but the U.S. dollar fell as the Federal Reserve was expected to begin an easing cycle and policymakers could potentially cut interest rates sharply. Investors remain focused solely on the Fed's decision on Wednesday, as the likelihood of a 50 basis […]
GBP/USD rallies on Fed rate cut bets – FXStreet
GBP/USD re-surfaced above 1.3200 on Wednesday amid risk-on sentiment. The Fed's interest rate outlook is nailed on the ceiling as the market expects a 50bps cut. UK CPI inflation and the Bank of England's interest rate outlook will also be on the agenda this week. GBP/USD broke into higher territory on a quiet Monday, with […]
Dow closes at all-time high as stocks jump ahead of crucial Fed rate decision – New York Post
The Dow Jones Industrial Average hit a new intraday record, but technology stocks weighed on the S&P 500 and Nasdaq on Monday as investors continued to gauge the possibility of more interest rate cuts from the Federal Reserve this week. The Dow Jones Industrial Average rose 228.30 points, or 0.6%, to close at a record […]
Gold price rises as Fed rate cut expectations grow – FXStreet
Gold prices rise as the probability of a 50bps Fed rate cut rises to 59% amid falling US Treasury yields. The US Dollar Index (DXY) fell 0.36% to 100.74, boosting the lower-yielding metal. Traders are awaiting U.S. retail sales and housing data on Tuesday ahead of the Fed's decision and Chairman Jerome Powell's press conference […]
3 Democrats call for interest rate cut ahead of pivotal Fed meeting
Three prominent Democrats Federal Reserve Chairman Jerome Powell on Monday called for a 75 basis point interest rate cut, warning that the central bank may have already held off too long. The central bank is due to announce the rate cut on Wednesday after keeping interest rates unchanged at 5.25-5.5 percent, a two-decade high, for […]
Fed is more likely to issue half-point rate cut: CME FedWatch
The latest data shows Wall Street investors are betting the Federal Reserve is more likely to opt for a bigger interest rate cut than a quarter-point reduction. Futures markets for the federal funds rate, which measures the cost of unsecured overnight lending between banks, are pricing in a 61% chance that the central bank will […]