Morning Bid: Fed goes big, markets yo-yo
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. “Go big, and go bold,” was the advice to Fed Chair Jerome Powell and colleagues from…
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Fed might have cut rates at July meeting, Powell says
By David Lawder and Ann Saphir WASHINGTON (Reuters) – The U.S. central bank might have begun cutting interest rates in late July had it known that the labor market was…
US SEC settles charges against Rari Capital over misleading investors
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it settled charges against decentralized finance platform Rari Capital and its founders over misleading investors and acting as…
Fed starts rate-cut cycle with jumbo cut, but pace of cuts ahead likely slower
Investing.com — The Federal Reserve started the rate cutting cycle with a jumbo-sized rate cut on Wednesday, but economist believe a 50 basis point rate cut isn’t the new 25bps,…
Federal Reserve’s Powell backs Basel changes, says no date yet for publishing new draft
By Michael S. Derby and Michelle Price NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell endorsed an overhaul of the contentious Basel bank capital rules on Wednesday, but said…
Gulf central banks cut key interest rates, mirroring Fed move
By Yomna Ehab and Jaidaa Taha DUBAI/CAIRO (Reuters) – Most Gulf central banks cut their key interest rates on Wednesday after the Federal Reserve decreased U.S. rates by half a…
US borrowers to get quick relief as Fed cuts rates, analysts say
By Nupur Anand and Saeed Azhar NEW YORK (Reuters) – U.S. consumers are expected to get a quick reprieve on borrowing costs from banks after the Federal Reserve cut interest…
Truist lowers prime lending rate in tandem with Fed’s rate cut
(Reuters) – Truist Financial (NYSE:TFC) said on Wednesday that the bank has lowered its prime lending rates by 50 basis points to 8%, effective Thursday, matching the U.S. Federal Reserve’s…
Fed cuts rates for first time since 2020 as rate-cut cycle kicks off
By Yasin Ebrahim Investing.com — The Federal Reserve cut interest rates by 50 basis points on Wednesday, and lifted forecasts for further rate cuts this year, as the central bank kicks…
WATCH LIVE: Fed Chair Jerome Powell speaks after a 50bp interest rate cut
Watch live as the Fed Chair Jerome Powell speaks on interest rates, outlook for the U.S. economy. Minutes ago, the Federal Reserve cut interest rates by 50 basis points. This…