Latest in Facing Post Election Concerns, Federal Reserve Cuts Rate by Quarter Point
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Fed goes quiet ahead of its Nov. 7 meeting, with quarter-point cut seen as likely
The central bank isn’t likely to change its mind, even with two key data points and presidential election coming before their meeting, economists saidBusiness - MarketWatch - October 28 -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - November 7 -
Chris Wallace exits CNN as post-election cost-cutting begins
Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"Entertainment - Los Angeles Times - November 12 -
Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decadeWorld - ABC News - November 7 -
The Fed just cut interest rates by another 25 basis points—here’s what will get cheaper
With interest rates declining, borrowing costs for credit cards, personal loans, and auto financing should get a bit cheaper, saving a few bucks on most loans.Business - CNBC - November 7 -
Sharp fall in Eurozone activity raises odds of half-point ECB rate cut
Purchasing managers’ index hits 10-month low, boosting case for bigger reduction in borrowing costs to lift economyWorld - Financial Times - Yesterday -
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.Business - CNBC - November 7 -
Ray Dalio concerned about America postelection: 'Both candidates worry me'
Dalio, the founder of investment firm Bridgewater Associates, spoke at the Future Investment Initiative conference in Saudi Arabia on Wednesday.Business - CNBC - October 30 -
Trans voters share concerns ahead of election in which they’ve been a central talking point
Most transgender voters told NBC News they’re backing Kamala Harris for president, with some saying they plan to leave the country if Donald Trump wins a second presidential term.Top stories - NBC News - October 30 -
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?Business - The New York Times - November 7 -
Interest rate cut expected from Fed, U.S. markets surge after Trump election win
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...Top stories - CBS News - November 7 -
Here's why Eli Lilly bounced back, plus mega-caps lag while staples stocks rise
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Business - CNBC - November 8 -
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.Business - The New York Times - November 7 -
Ex-Temple guard in federal point-shaving inquiry
Federal authorities are investigating whether former Temple men's basketball player Hysier Miller bet on his own games and manipulated the outcome of Owls games he played in, according to multiple ...Sports - ESPN - 2 days ago -
Hungary's Orbán boosts Georgia's ruling party over election despite an outcry the vote was rigged
Hungarian Prime Minister Viktor Orbán has given a boost to Georgia’s ruling partyWorld - ABC News - October 29 -
GDP Report Shows US Economy Grew at 2.8% Rate
In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.Business - The New York Times - October 30 -
US GDP rose at a 2.8% rate in third quarter on strong consumer spending
Final reading before presidential election was shy of expectations, but shows biggest economy is in robust healthBusiness - Financial Times - October 30 -
Concerns over 2024 election betting
New data shows more than $100 million has been legally wagered on the Kamala Harris and Donald Trump presidential race. Koleman Strumpf, the Burchfield Presidential Chair of Political Economy at ...Top stories - CBS News - October 31 -
What will happen to mortgage rates after this week's Fed rate cut?
The Federal Reserve is set to issue another rate cut this week. Here's what could then happen to mortgage rates.Top stories - CBS News - November 4 -
What the Fed rate cut means for mortgage interest rates
Another Fed rate cut is now official. Here's what that could mean for mortgage interest rates.Top stories - CBS News - November 7 -
What the Fed rate cut means for HELOC interest rates
The Federal Reserve issued another cut to the federal funds rate this week. Here's what it could mean for HELOC rates.Top stories - CBS News - November 8 -
Why mortgage costs are rising despite interest rate cut
Lenders have been raising the cost of fixed-rate deals creating a headache for buyers and those remortgaging.Top stories - BBC News - November 15 -
Which gold investment is best when rates are cut?
Some gold assets are better than others when interest rates are dropping, experts say.Top stories - CBS News - November 4 -
Trump’s victory means fewer Fed rate cuts
“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.Business - MarketWatch - November 6 -
Interest rates cut but Bank hints fewer falls to come
Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.Top stories - BBC News - November 7 -
Bank of England cuts interest rates to 4.75%
Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecastWorld - Financial Times - November 7 -
Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - November 7 -
Rheinmetall Posts Soaring Sales, Shrugs off Political Instability Concerns
The German arms maker posted a 39.5% increase in sales, as it consolidated its place as one of Europe’s main ammunition and weapon suppliers.Business - The Wall Street Journal - November 7 -
Oil prices post first gain in 3 sessions, but demand concerns prevail
Oil futures finished higher on Tuesday, recouping a small portion of back-to-back losses driven by worries about the prospects for demand, which contributed to a retreat in the U.S. benchmark below ...Business - MarketWatch - November 12