Fed’s big cut may have been closer call than lone dissent suggests
WASHINGTON (Reuters) – The Federal Reserve’s big bang start on Wednesday to what’s expected to be more interest-rate cuts this year and next may have had the full support of…
Editor’s Pick
4627 posts
Fed’s big rate cut gamble risks policy error, inflation resurgence
Investing.com — The Fed’s decision to begin its rate cutting cycle with a jumbo cut in September despite believing the economy is in good shape has all the makings of…
World Bank climate finance reaches record $42.6 billion in fiscal 2024
WASHINGTON (Reuters) – The World Bank Group said on Thursday it delivered a record $42.6 billion in climate finance during fiscal 2024, a 10% increase over the $38.6 billion the…
Explainer-ECB’s role in any UniCredit and Commerzbank combination
FRANKFURT (Reuters) – UniCredit, Italy’s second-largest bank, has taken a 9% stake in Germany’s Commerzbank (ETR:CBKG) and is seeking permission to potentially raise this to 29.9%, sources told Reuters, while…
Biden expects Fed to continue cutting interest rates
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden said on Thursday he expects the Federal Reserve to continue cutting interest rates and vowed that his administration…
With eyes on economy, Sri Lankans to vote for president in tight election
By Sudipto Ganguly and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankans will vote for a new president in a tightly contested election on Saturday, with the outcome expected to determine…
Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut
By Mehnaz Yasmin (Reuters) – The U.S. central bank’s decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former…
Factbox-Most brokerages expect 50 bps in rate cuts from Fed for rest of 2024
(Reuters) -Most major brokerages expect the U.S. Federal Reserve to lower interest rates by a cumulative 50 basis points in its November and December meetings, after the central bank announced…
US 30-year fixed-rate mortgage falls to 6.09%
WASHINGTON (Reuters) – U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for…
Bank of England leaves rates at 5%, pound hits highest since March 2022
LONDON (Reuters) – The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds…