Fed minutes show big rate cut favored by ‘substantial majority’
At the September central bank meeting, a “substantial majority” of Federal Reserve officials supported starting an era of monetary easing with a deep half-point rate cut. But just-released minutes of the two-day meeting suggest there was broader agreement that the initial action did not commit the Fed to a specific pace of future interest rate […]
The NZDUSD continued the fall that started last week after the RBNZ rate cut. What next? – ForexLive
NZDUSD traded to a 2024 high last week (8 business days ago). The high reached 0.63778. It traded at a low of 0.60516 today after trading 50 basis points above the cut rate. This is 327 pips in one trading day. Technically, the decline seen in today's trading has pushed the price below a cluster […]
Japanese Yen drifts lower amid fading hopes for more BoJ rate hikes, ahead of FOMC minutes – FXStreet
The Japanese yen is attracting some sellers due to uncertainty surrounding the Bank of Japan's further interest rate hike. Hopes for a possible ceasefire between Hezbollah and Israel further undermine the safe-haven Japanese yen. There are concerns that the intervention will limit USD/JPY as demand for the dollar weakens ahead of the FOMC meeting. The […]
Dollar keeps poise ahead of Fed minutes, kiwi falls after big rate cut By Reuters – Investing.com
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday, offering some relief to the yen and other major currencies after surging to seven-week highs last week as investors took a break to assess the outlook for U.S. interest rates. It gave me a feeling. The New Zealand dollar fell to $0.60705, […]
Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut – Yahoo Finance
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday as investors paused to assess the outlook for the path of U.S. interest rates, adding some support to the yen and other major currencies, which soared to a seven-week high last week. It gave me a sense of relief. The New Zealand […]
New Zealand’s RBNZ expected to cut interest rate by 50 bps amid slowing economic activity – FXStreet
The Reserve Bank of New Zealand is expected to cut interest rates by 50bps to 4.75% on Wednesday. The deepening economic downturn in New Zealand's economy and optimism about inflation point to the possibility of a major rate cut from the RBNZ. The RBNZ's policy announcement is likely to cause severe volatility for the New […]
Migrant Imprisonment Rate over a Quarter Higher Than for British Citizens
Foreign nationals are jailed at a rate 27% higher than British nationals, according to government data analysis. The first “Crime Correlation Table by Nationality” project carried out by telegraph paper To understand the crime potential of different ethnic groups in the UK, the paper analyzed the number of people in prison by passport held and […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut By Reuters – Investing.com
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut – Yahoo Finance
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]