Category: Cuts
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People’s Bank of China rate cuts are expected today: LPRs, repo
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The People’s Bank of China is expected to cut its key reverse repo rate today, along with its key lending rates. The Fed’s rate cut this week is expected to pave the way for PBOC cuts. The People’s Bank of China has turned to the 7-day repo rate as the…
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Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
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The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…
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Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
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The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…
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Hong Kong’s central bank follows the Fed, cuts base rate by 50bp to 5.25%
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You will notice that the HKCB prime rate is slightly higher than the federal funds rate. The Hong Kong dollar is traded within a range pegged to the US dollar set by the Hong Kong Monetary Authority. You can see the boundaries of the range in the chart below. The…
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Forexlive Americas FX news wrap 18 Sep: Fed starts rate cuts with a 50 bp cut
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The Fed started its easing cycle by cutting interest rates by 50 basis points. The Fed has “reset” its monetary policy stance away from a period when inflation was high and employment was low. Now the baseline is that inflation is stable, and employment is not that low. The Fed…
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Federal Reserve Cuts Interest Rates by 50 Basis Points to Address Economic Uncertainty
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The US Federal Reserve today made a major decision to cut interest rates by 50 basis points, reducing the federal funds rate range to 4.75% – 5%. The move, the first major cut in more than four years, reflects concerns about the state of the US economy, despite the continued…
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UK Retailers Enjoy 40% Boost in Summer Sales as Price Cuts Drive Demand
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According to data from e-commerce marketing platform Omnisend, retailers across the UK saw a 40% increase in product sales during the summer of 2024. This rise came after a busy sales season in June, July and August, with 237,000 additional sales recorded compared to the same period in 2023. Total…
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Treasury cuts Sh334bn tax target for new Finance Bill
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The Treasury has cut its tax target for the next financial year by Sh334 billion and cut spending in changes that signal the government’s reluctance to raise taxes amid public anger. Budget review and forecast papers show the treasury expects to raise Sh2.96 trillion in the year starting next July…
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Higher roads levy, subsidy cuts deny Kenyans relief at the pump
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Kenyans are expected to bear the brunt of a higher road maintenance tax for the second month in a row as fuel prices remain unchanged despite lower fuel costs. The Energy and Petroleum Regulatory Authority (EPRA) has kept prices unchanged at Sh188.84 and Sh171.60 per litre for petrol and diesel…
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Will Fed rate cuts really be negative for USD/JPY? By Investing.com
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The potential impact of a Fed rate cut on the pair is a critical issue for investors and currency strategists, especially as we approach a potential Fed rate cut in 2024. With the Fed and the Bank of Japan’s divergent monetary policies, market participants are divided on whether interest rate…
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S&P soars to best week of 2024 as Wall Street gears up for anticipated interest rate cuts
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S&P 500 (SP500) Friday Up 4.02% The index ended the week at 5,626.02 points, posting gains in all five sessions. SPDR S&P 500 ETF Trust (New York: Spy) Up 4.01% For this week. Bulls returned to Wall Street this week, helping The index rose from its previous levels. Worst week…
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US stocks open higher with Fed interest rate cuts in focus By Investing.com
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U.S. stocks rose at the open on Friday, as investors clung to expectations of lower interest rates ahead of a Federal Reserve meeting that could herald a broader easing cycle. Wall Street largely shrugged off some strong readings on consumer and product inflation this week, with technology stocks rising, buoyed…
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Goldman Sachs see a Bank of England rate cut in November, with a cascade of cuts to follow
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Reeves defends £4,400 heating claim for second home amid pensioner winter fuel payment cuts
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Chancellor Rachel Reeves has faced criticism after justifying her decision to claim £4,400 in taxpayer expenses to heat her second home, a day after MPs voted to scrap the £300 winter fuel payment for millions of pensioners. The decision comes as the government moves to cut benefits for pensioners while…
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Stocks Drop as Jobs Data Adds to Case for Fed Cuts: Markets Wrap
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(Bloomberg) — Asian stocks fell Monday after U.S. jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Most Read from Bloomberg Stocks in Australia, Japan and South Korea posted losses in early trade, while U.S. futures were little changed. The dollar…
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Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…
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Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…