Federal Reserve governor supports a quarter-point reduction next month
Federal Reserve Governor Christopher Waller has once again voiced his support for potential interest rate cuts in September, suggesting that further reductions might be necessary within the next three to six months to safeguard the labor market. “Given the data we have right now, I would back a 25 basis point cut at the committee […]
NZD/USD drops to around 0.5850 after the RBNZ makes a quarter-point rate cut
NZD/USD faces challenges following RBNZ’s 25 basis point rate cut, lowering the official cash rate (OCR) to 3%. The People’s Bank of China adjusted its 1- and 5-year loan prime rates to 3.00% and 3.50% respectively. White House Press Secretary Caroline Leavitt indicated ongoing plans for a meeting between Putin and Zelensky. The NZD/USD has […]
Federal Reserve cuts interest rates by quarter-point in December
The Fed is widely expected to cut interest rates for the third time this year. The Federal Reserve on Wednesday announced its third straight interest rate cut, cutting its benchmark interest rate by 25 basis points, following economic data showing that inflation remains above the central bank's target rate. The 25 basis point rate cut […]
Fed cuts interest rates by quarter-point
Jerome Powell speaks after Fed's interest rate decision announcement The Federal Reserve on Thursday announced its second straight interest rate cut, cutting its benchmark interest rate by 25 basis points, following economic data showing signs of cooling inflation and the labor market. The 25 basis point rate cut will keep the benchmark federal funds rate […]