How the Fed’s rate cut will impact auto loans
Eddie Ghabour, co-founder of Key Advisors Wealth Management, speaks with Varney & Co. about how the Fed's decision to cut interest rates will impact markets in the near term. Americans looking to buy a car in the near future may be hoping that the Federal Reserve's 50 basis point cut in the federal funds rate […]
Will the Fed’s rate cut impact mortgage rates?
Barron's Roundtable panelists discuss America's housing crisis as interest rate cuts become more likely. Rising mortgage rates, skyrocketing home prices and inflation putting pressure on budgets have kept many Americans from buying a home or moving for years. While mortgage rates have started to fall slightly in recent months, the housing market remains largely stagnant […]
EUR/USD flat lines above 1.1100 after Fed's bumper rate cut – FXStreet
EUR/USD was trading sideways around the 1.1120 level in early European session on Thursday. At its September meeting, the Fed cut interest rates by 50 basis points, setting a new target range for interest rates of 4.75% to 5.00%. The euro area's annual HICP stabilized at 2.2% in August, as expected. The EUR/USD pair traded […]
Australian Dollar advances despite Fed caution, awaits PBoC Interest Rate Decision – FXStreet
The Australian dollar rose after new job creation rose more than expected in August. Australian employment change increased by 47.5K in August, beating the consensus forecast of 25.0K. The Federal Reserve's significant interest rate cuts demonstrate its determination to protect the labor market and protect the economy from recession. The Australian Dollar (AUD) has recovered […]
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 […]
ForexLive Asia-Pacific FX news wrap: USD/JPY surges in Asia response to FOMC 50bp rate cut – ForexLive
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Powell pushes back on suggestion Fed got behind in rate cuts
The Federal Reserve cut interest rates by half a percentage point on Wednesday and is expected to cut them by another half a percentage point at its two remaining meetings this year, signaling a faster pace of monetary stimulus than analysts had expected over the summer. The Fed now sees interbank lending rates falling to […]
GBP/USD holds steady as BoE rate call looms ahead – FXStreet
GBP/USD hits highest 30-month price following Fed rate cut. The BoE's interest rate forecasts are due to be released on Thursday but no changes are expected. UK retail sales are due to close the week on Friday. GBP/USD rose to a 30-month high on Wednesday, approaching 1.3300, after the US Federal Reserve cut interest rates […]
When will Americans feel relief from the Fed’s interest rate cuts?
The Federal Reserve's massive interest rate cut on Wednesday should lower interest rates on mortgages, auto loans and credit cards, but cash-strapped consumers shouldn't expect immediate relief, financial experts said. “It will probably take some time because we know there is a lag effect after interest rates are changed in a certain direction,” Ken Mahoney, […]
Fed chair Jerome Powell blames influx of illegal migrants for rising unemployment rate
Federal Reserve Chairman Jerome Powell on Wednesday blamed the migrant crisis for rising unemployment in the country after cutting interest rates by half a percentage point for the first time since the early days of the COVID-19 pandemic. “If millions of people join the workforce and 100,000 jobs are created, the unemployment rate is going […]