Democrat Senators Demand Super-Sized Rate Cut
Who's afraid of the Biden-Harris economy? If the Biden-Harris Administration's policies aren't hurting the economy, why are leading Democrats calling for the Federal Reserve to announce massive interest rate cuts? Three Democratic U.S. senators sent a letter to Federal Reserve Chairman Jerome Powell on Monday. Urged the central bank to cut interest rate target by […]
Dow closes at all-time high as stocks jump ahead of crucial Fed rate decision – New York Post
The Dow Jones Industrial Average hit a new intraday record, but technology stocks weighed on the S&P 500 and Nasdaq on Monday as investors continued to gauge the possibility of more interest rate cuts from the Federal Reserve this week. The Dow Jones Industrial Average rose 228.30 points, or 0.6%, to close at a record […]
Gold price rises as Fed rate cut expectations grow – FXStreet
Gold prices rise as the probability of a 50bps Fed rate cut rises to 59% amid falling US Treasury yields. The US Dollar Index (DXY) fell 0.36% to 100.74, boosting the lower-yielding metal. Traders are awaiting U.S. retail sales and housing data on Tuesday ahead of the Fed's decision and Chairman Jerome Powell's press conference […]
3 Democrats call for interest rate cut ahead of pivotal Fed meeting
Three prominent Democrats Federal Reserve Chairman Jerome Powell on Monday called for a 75 basis point interest rate cut, warning that the central bank may have already held off too long. The central bank is due to announce the rate cut on Wednesday after keeping interest rates unchanged at 5.25-5.5 percent, a two-decade high, for […]
Fed is more likely to issue half-point rate cut: CME FedWatch
The latest data shows Wall Street investors are betting the Federal Reserve is more likely to opt for a bigger interest rate cut than a quarter-point reduction. Futures markets for the federal funds rate, which measures the cost of unsecured overnight lending between banks, are pricing in a 61% chance that the central bank will […]
US dollar hits more than one-year low as market eyes aggressive Fed rate cut – Yahoo Finance
Written by Chibuike Oguh and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar fell to its lowest level against the yen in more than a year on Monday as expectations grew that the Federal Reserve would make a sharp interest rate cut this week. The Fed was widely expected to announce a rate cut of […]
Stock Market Today: Dow in record territory, S&P 500 falls as expectations grow for jumbo rate cut – MarketWatch
September has historically been the worst month for returns for U.S. stocks, but the second half of the month was particularly tough for investors. In a report shared with MarketWatch on Monday, Ed Clissold of Ned Davis Research noted that since 1950, the last two weeks of September have been consistently the worst period for […]
USD/INR strengthens as traders await Fed rate decision – FXStreet
The Indian rupee was trading lower in the early hours of the European market on Monday. A combination of lower crude oil prices, robust foreign capital inflows and strengthening Fed interest rate expectations is likely to limit INR depreciation. Investors are awaiting the release of India's trade balance and the US New York Empire State […]
Gold prices hit record high on rate cut bets, Trump assassination attempt – Investing.com
Investing.com — Gold prices hit a record high in Asian markets on Monday amid growing expectations that the U.S. Federal Reserve will deliver a big interest rate cut later this week. Reports of a second assassination attempt on Republican presidential candidate Donald Trump also prompted calls for safe havens, but Trump appears to be unharmed […]
Gold Price Forecast: XAU/USD holds positive ground above $2,550, focus on Fed rate decision – FXStreet
Gold prices were trading in positive territory around $2,580 in early Asian hours on Monday. Growing expectations of a Federal Reserve rate cut and persistent geopolitical risks continue to support gold prices. A slowdown in economic activity in China could put pressure on precious metals prices. Gold prices (XAU/USD) gained momentum around $2,580 in early […]