WATCH LIVE: Fed Chair Jerome Powell Press Conference
Watch Fed Chair Jerome Powell speak live following the FOMC decision to slash interest rates by 25 basis points. This post appeared first on investing.com
Economy
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Fed cuts rates by 0.25% amid ongoing progress against inflation
Investing.com — The Federal Reserve cut interest rates by 25 basis points on Thursday as ongoing progress against inflation and signs of slowing labor market continued to support the monetary…
Brazil’s Lula to analyze spending cuts of up to $2.6 billion, says local media
SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will analyze two fiscal packages with spending cut measures that would amount up to 15 billion reais ($2.6 billion),…
Gold ETF demand turns positive for year-to-date, says WGC
(Reuters) – Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World…
Deutsche Bank cuts ECB terminal rate forecast from 2.25% to 1.50%
Investing.com — Deutsche Bank revised its forecast for the European Central Bank’s (ECB) terminal rate, lowering it from 2.25% to 1.50%, reflecting growing concerns about weaker macroeconomic conditions and inflation risks…
Africa health body calls on Trump to honour US vaccine pledges
DAKAR (Reuters) – Africa’s main public health body said it is seeking assurances that U.S. President-elect Donald Trump’s administration will provide the funding and mpox vaccines promised by his predecessor.…
European economy would suffer from Trump tariffs, ECB’s Stournaras says
ATHENS (Reuters) – The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek Central Bank…
63% of Investing.com readers see 25 bps Fed rate cut
The Federal Reserve is tipped to cut interest rates by 25 basis points at the end of its policy meeting on Thursday, according to a survey of Investing.com readers on…
US 30-year fixed-rate mortgage rise to four-month high of 6.79%
WASHINGTON (Reuters) – U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump’s proposed economic policies could stoke inflation. The…
Economists see higher peak for Brazil’s rates as central bank keeps tightening
By Marcela Ayres BRASILIA (Reuters) – Economists raised their projections for Brazil’s borrowing costs at the end of its tightening cycle after the central bank accelerated its rate hike and…