New Fed chair defies Trump, raises interest rate as concerns about inflation continue
The Federal Reserve has decided to raise interest rates amid ongoing concerns about inflation, despite some economic optimism expressed by President Donald Trump. On Wednesday, the central bank’s board reached a unanimous decision to lift rates by a quarter of a percentage point, marking the first adjustment since 2023. “Economic activity is advancing steadily. While […]
Australian Dollar maintains strength around 0.7100 in spite of Fed interest rate increase, IMF advises RBA to remain aggressive.
The AUD/USD pair climbed to about 0.7090 during the early hours of trading in Asia on Thursday. Traders are closely monitoring the implications of the Federal Reserve’s interest rate hike and comments made by former President Donald Trump. Later today, the US Initial Jobless Claims data is expected to be released. The Fed raised interest […]
Trump Claims Interest Rates Need to Be 1% or Below Following Fed’s Increase
Trump Advocates for Lower Interest Rates Following Fed Hike President Donald Trump expressed his belief that interest rates should be at one percent or lower after the Federal Reserve raised rates by a quarter of a percent on Wednesday. In a post on Truth Social, Trump urged for rapid reductions in interest rates. He stated, […]
September FOMC: Federal Reserve raises interest rates for the first time in 2023
The Federal Reserve announced on Wednesday that it has raised its benchmark interest rate for the first time in over three years. This decision was driven by ongoing inflation concerns, particularly due to rising energy prices. In a unanimous vote, Fed officials adjusted the federal funds rate from a range of 3.5% to 3.75% to […]
Ten-year Treasury yield rises sharply, oil climbs over $105 as interest rate increase by the Fed is anticipated.
Market Updates: Rising Treasury Yields and Oil Prices On Tuesday, the yield on the US 10-year Treasury reached its highest point since 2007, spurred by oil prices that surged past $105 a barrel. This surge coincided with a drop in stock values as the likelihood of an interest rate hike this week increased. By the […]
The Federal Reserve is anticipated to raise interest rates by 25 basis points during the FOMC meeting.
Federal Reserve’s Interest Rate Decision Could Impact Treasury Yields On Friday, Josh Hirt, a senior economist at Vanguard, noted that the Federal Reserve’s decision to maintain interest rates during its September meeting might lead to a rise in Treasury yields. As the Fed prepares for a significant monetary policy meeting this week, there is widespread […]
Trump expresses interest in reviewing the release of Saudi Arabia’s 9/11 files following a public request from victims’ families.
WASHINGTON — President Trump mentioned on Sunday that he might release classified documents related to the 9/11 terrorist attacks. This consideration comes after victims’ families have publicly urged for clarity on Saudi Arabia’s alleged involvement in the tragedy. “I’m going to look at it when I get back,” Trump told reporters as he was about […]
Stabbing incident in Louisiana results in four deaths as police search for person of interest Kaegan Solet.
A stabbing incident in Louisiana on Saturday night resulted in the deaths of at least four individuals, and a child is in critical condition, prompting law enforcement to search for a suspect with a history of violence. Authorities from the Terrebonne Parish Sheriff’s Office responded to find several deceased victims in residences near the 200 […]
Interest grows for 2028 as JD Vance responds to protester waving foreign flag
Vance’s Bold Response at RNC Positions Him as 2028 Candidate During the Republican National Convention, Vice President JD Vance seemingly solidified his status as the frontrunner for the 2028 presidential nomination. This came after he deftly handled a disruption from a protester waving foreign flags while he was speaking. In Dallas on Thursday, Vance was […]
This is the current interest you can earn from a $10,000 6-month CD.
If you have $10,000 sitting in a traditional savings account this September, it might be time to rethink your strategy. With the average rate resting at just 0.38% right now, keeping your money parked there means you’re likely falling behind inflation, which is currently over 3%. There are high-yield savings accounts and money market options […]