US Dollar softens ahead of Fed rate decision – FXStreet
The US dollar is stabilizing as analysts are still debating the size of future rate cuts. Traders will likely sit and wait until a decision is made, followed by a press conference from Fed Chairman Powell. The US Dollar Index fell back on Wednesday after a small gain the previous day. Ahead of the Federal […]
5 ways the Fed’s rate cuts will affect workers and consumers
The Federal Reserve is widely expected to begin cutting interest rates this week, a turning point for the economy. The move is expected to affect lending rates and working and employment conditions across a range of consumer sectors. It's unclear how fast future rate cuts will occur or what the final rate will be, but […]
Stock market today: Global shares trade mixed ahead of Federal Reserve rate decision – Yahoo Finance
TOKYO (AP) — Global stock markets were mixed on Wednesday as investors awaited an expected economic slowdown. Interest rate cuts This is the first time in more than four years that the Federal Reserve has done so. France's CAC 40 was down 0.2% at 7,474.92 at the open, while Germany's DAX was down just under […]
Australian Dollar appreciates due to risk-on mood ahead of US Fed interest rate decision – FXStreet
The Australian dollar is extending gains as risk sentiment improves ahead of the US Federal Reserve decision. The Reserve Bank of Australia's hawkish stance is supporting the Australian dollar. The US dollar is weakening as the Fed is likely to cut interest rates by 50 basis points on Wednesday. The Australian Dollar (AUD) rose for […]
Bitcoin ETFs Add $250 Million in Surge Ahead of Expected Rate Cut – Decrypt
Bitcoin Exchange-Traded Fund (ETF) There is a renewed interest. Figures published by blockchain data firm Arcam Intelligence show American funds added a total of about $250 million worth of Bitcoin on Monday, the most daily additions in more than a month. The surge helped push the price of bitcoin itself above $61,000 per coin on […]
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut – The Associated Press
NEW YORK (AP) — U.S. stock indexes were flat on Tuesday, with Wall Street seeing fewer big moves than expected. First interest rate cut It's been more than four years. The S&P 500 rose 1.49 points, or less than 0.1%, to 5,634.58. It remains 0.6% below its all-time closing high set in July but briefly […]
Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut
U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]
US retail sales unexpectedly rise, lowering odds for big rate cut
U.S. retail sales unexpectedly rose last month, a surprisingly strong result that likely reduces the likelihood of a big interest rate cut from the Federal Reserve this week. Retail purchases rose 0.1% in August, Commerce Department data released Tuesday showed, beating economists' expectations of a 0.2% decline as cash-strapped consumers showed resilience despite a shaky […]
Federal Reserve begins policy meeting with interest rate cuts on deck
Gregory Daco, chief economist at EY-Parthenon, explained why the Fed will gradually lower interest rates and not be too aggressive in “making money.” of Federal Reserve System Tuesday kicks off a highly anticipated two-day meeting in which policymakers are expected to cut interest rates for the first time in four years as persistent inflation shows […]
Global shares rise, dollar pinned lower by Fed rate cut bets By Reuters – Investing.com
By Samuel Indyk and Ray Wee LONDON (Reuters) – European shares rose on Tuesday but the U.S. dollar fell as the Federal Reserve was expected to begin an easing cycle and policymakers could potentially cut interest rates sharply. Investors remain focused solely on the Fed's decision on Wednesday, as the likelihood of a 50 basis […]