Amusing Reader Comments on Credit Card Interest Rate Caps – Mish Talk
President Donald Trump proposes capping interest rates on credit cards. I made a comment earlier. Now, my readers also understand the point. The comments below and my replies are to my post President Trump proposes capping credit card interest rates, as do AOC and Bernie The competitive self-destruction of the Republican Party as we once […]
New home sales, prices dropped ahead of Fed rate cut
Sales of new U.S. single-family homes fell in August, but lower mortgage rates and home prices could stimulate demand in coming months. The Commerce Department's Census Bureau said Wednesday that new home sales last month fell 4.7% to a seasonally adjusted annual rate of 710,600. The July sales pace was revised upward to 751,000 from […]
Japanese Yen remains subdued due to the potential for BoJ to delay rate hikes – FXStreet
The Japanese yen is under downward pressure as traders assess the Bank of Japan's policy outlook. Bank of Japan Governor Ueda suggested the bank would assess market and economic conditions before making any policy adjustments, suggesting there is no urgency to raise interest rates. The US Dollar is facing difficulties due to rising dovish sentiment […]
Biden administration gets boost from Fed rate cut
The Biden administration has touted confidence in the economy after interest rate cuts by the Federal Reserve helped spur a rise in stock prices. Markets surged last week after the Fed cut interest rates for the first time in more than four years, ushering in a new era for the economy as Democrats praised the […]
Gold prices hit record high on rate cut cheer; copper rallies on China stimulus – Investing.com
Investing.com — Gold prices hit a record high in Asian markets on Tuesday, extending their recent upward trend amid continued optimism over U.S. interest rate cuts, with attention focused this week on further signs of things to come. Among industrial metals, copper prices surged after the Chinese government announced a series of stimulus measures, raising […]
Japanese Yen holds ground despite increasing doubts over BoJ rate hikes – FXStreet
The Japanese yen has weakened slightly as the Bank of Japan is in no rush to raise interest rates. Japanese Finance Minister Suzuki said he expected the Bank of Japan to adopt appropriate monetary policy measures. Minneapolis Fed President Neel Kashkari believes additional interest rate cuts should and will come in 2024. The Japanese Yen […]
Stock rally pauses as rate cut cheer meets recession fears – Yahoo Finance
Naomi Robnick and Wayne Cole LONDON/SYDNEY (Reuters) – Global shares hovered near record highs on Monday and Wall Street futures rose cautiously ahead of a business activity survey that could confirm or call into question market expectations of another big interest rate cut from the Federal Reserve. MSCI's global stock index was stable after two […]
Gold prices hit record high as rate cut cheer persists – Investing.com
Investing.com — Gold prices hit a record high in Asian markets, benefiting from continued support for lower U.S. interest rates, while rising uncertainty ahead of a series of signals this week also drove prices higher. Last week, precious metals surged to record highs after the Federal Reserve cut interest rates and have largely maintained that […]
How the Fed’s jumbo interest rate cut will impact your wallet
Brian Belski, chief investment strategist at BMO Capital Markets, talks about the importance of stock selection on “The Claman Countdown.” Stocks extended their solid weekly gains as the Dow and S&P 500 held on to record highs. The rise came after the Federal Reserve cut interest rates for the first time since March 2020. A […]
Fed’s Michelle Bowman warns rate cuts declaring victory too soon
A senior Federal Reserve official warned on Friday that the central bank risks prematurely declaring victory over inflation by voting for a big interest rate cut. The Federal Open Market Committee voted 11-1 on Wednesday to cut interest rates by 50 basis points rather than 25 basis points, with Fed Governor Michelle Bowman being the […]