Fed opens up policy space around the world without feeding panic
It might tempt the European Central Bank to consider lowering rates again next month, for a third time since June.
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December, according to a strong majority of over 100 economists in a snap Reuters poll.
Stock market today: Indexes close at record highs and tech soars after Fed rate cut
Indexes rallied Thursday, with tech stocks leading the Nasdaq to rise 2.5% as investors continued to digest Wednesday's jumbo ...
ThePrint23h
Dollar edges lower in choppy trading after Fed rate cut
The U.S. dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized 50 basis point ...
US Dollar index softens near 100 mark, gives up gains after hitting one week high
The US dollar index stayed slippery after a volatile movement over last two sessions. The US dollar is failing to hold onto one week highs above 101 mark following Federal Reserves jumbo interest rate ...
BMO Raises S&P 500 Target for 2024 to 6,100 From 5,600
NEW YORK (Reuters) - BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600. The ...
France 241h
Portugal brings deadly forest fires under control
Portugal has brought under control the remaining forest fires it battled this week in the north of the country, rescuers said ...
BUSINESS LIVE: BoE holds base rate at 5%; Next eyes £1bn profit; Ocado Retail targets double-digit growth
The FTSE 100 closed up 75.04 points at 8328.72. Among the companies with reports and trading updates today are Next, Ocado ...
The Financial Express10h
Stock Market Highlights: Markets end at record highs! Nifty above 25,800, Sensex gains 1,380 points; Bank Nifty rises 900 points
The benchmark equity indices opened Friday’s trading session on a positive note. The NSE Nifty 50 opened 0.46% higher at ...
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic ...
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic ...
Fed to Cut Rates by 25bps in Nov and Dec, Approach Neutral Level Sooner Reuters Poll
BENGALURU (Reuters) - The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December, according to a strong majority of over 100 economists in a snap Reuters ...