Stocks end lower after Powell throws cold water on hopes for December interest rate cut

Stocks end lower after Powell throws cold water on hopes for December interest-rate cut

The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.

Business - MarketWatch - 4 hours ago

Powell says Fed in no ‘hurry’ to lower interest rates further

Central bank chair warns path to a reduction in inflation will be ‘bumpy’

Business - Financial Times - 5 hours ago

Watch live: Fed Chair Jerome Powell speaks after interest rate cuts

Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...

Politics - The Hill - 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

Why the stock market can count on another Fed rate cut in December

The trend in short-term rates leading up to the U.S. presidential election usually persists.

Business - MarketWatch - 5 days ago

Minneapolis Fed president says another interest rate cut in December is "certainly possible"

Neel Kashkari, the president of the Minneapolis Federal Reserve, tells "Face the Nation with Margaret Brennan" that another interest rate cut after the December Fed meeting is "certainly possible" ...

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

China cuts interest rates in battle to hit year-end growth target

Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth

World - Financial Times - October 21

Inflation rises 2.6% in October after Fed starts interest rate cuts

U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch ...

2-year Treasury yield jumps after the close, with Powell patient about rate cuts

The policy-sensitive 2-year Treasury yield edged higher after 3 p.m. Eastern time on Thursday, following fresh comments from Federal Reserve Chair Jerome Powell that indicated the central bank ...

Business - MarketWatch - 6 hours ago

Why credit card rates remain high, even after interest rate cuts

Credit card interest rates stand near a record high.

The stock market is expecting more interest-rate cuts than the Fed can give

The U.S. central bank doesn’t have much room to combat the next U.S. economic crisis.

Business - MarketWatch - 5 days ago

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.

Business - CNBC - 5 hours ago

Rival creditor group offers Thames Water emergency loan at lower rate

The UK’s largest water and sewerage provider is struggling with a £19bn debt load

Business - Financial Times - October 31

Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

Business - The New York Times - 5 hours ago

Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates

Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.

Business - Inc. - October 30

ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – business live

Rolling coverage of the latest economic and financial news. Newsflash: Inflation across the eurozone fell by more than initially thought last month, which may cement the chances of interest rate ...

World - The Guardian - October 17

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...

World - The Guardian - October 17

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%

World - ABC News - 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 ...

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls

World - ABC News - November 7

The Federal Reserve cuts interest rates by a quarter point after election. Here's what that means for you

The second interest rate cut in a row will affect consumer borrowing costs. Here's what it means for your credit card, mortgage rate, car loan and savings.

Business - CNBC - November 7

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.

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 forecast

World - Financial Times - November 7

Federal Reserve cuts interest rates by a quarter point

The Federal Reserve approved its second consecutive interest rate cut Thursday.

Business - CNBC - November 7

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

The Federal Reserve lowers interest rates by 0.25 percentage points

The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.

Trump has promised lower interest rates. That will be largely out of his control.

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a range of factors largely outside of the president’s control.

Politics - NBC News - 3 days ago

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.

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.

10-year Treasury yield ends below 4-month high after Fed cuts rates again

Yields on long-dated U.S. government debt dropped from their highest levels since early July on Thursday, after the Federal Reserve delivered a widely expected quarter-point interest-rate cut.

Business - MarketWatch - November 7

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.

Business - MarketWatch - October 17

Surprise fall in inflation to 1.7% paves way for interest rate cuts

September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.

ECB Cuts Interest Rates Again as Eurozone Inflation Slows

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Business - The New York Times - October 17

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