Category: Fed
-
Dollar claws back losses after Fed goes big on rate cut By Reuters
•
Written by Ray Wee SINGAPORE (Reuters) – The U.S. dollar rose broadly on Thursday, reversing a brief slump following an overly aggressive interest rate cut by the Federal Reserve that was widely priced in by markets. The U.S. central bank on Wednesday began its monetary easing cycle with a larger-than-usual…
-
Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
•
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…
-
Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
•
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…
-
Asian Equities Brace for Fed Effect, Yen Slips: Markets Wrap
•
(Bloomberg) — Asian stocks braced for tailwinds from a half-percentage-point interest-rate cut by the U.S. Federal Reserve and signs of more monetary policy easing in the coming months. Most Read from Bloomberg Japanese stock futures rose, while U.S. index futures rose, largely erasing Wednesday’s losses. The S&P 500 initially hit…
-
Hong Kong’s central bank follows the Fed, cuts base rate by 50bp to 5.25%
•
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…
-
Forexlive Americas FX news wrap 18 Sep: Fed starts rate cuts with a 50 bp cut
•
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…
-
Stocks Fluctuate With Fed Decision Coming Shortly: Markets Wrap
•
(Bloomberg) — Stock markets fell amid uncertainty over how aggressively the Federal Reserve will cut interest rates after keeping them at a two-decade high for more than a year. Most Read from Bloomberg The S&P 500 was little changed after briefly surpassing an all-time closing high earlier this week. Treasury…
-
US stocks mixed with Fed, rate cut on tap By Investing.com
•
Investing.com – Stocks on Wall Street moved around both sides of the flat line on Wednesday as investors focused ahead of a historic decision by the Federal Reserve that is likely to lead to its first interest rate cut since March 2020. By 09:53 ET (13:53 GMT), the benchmark index…
-
ForexLive European FX news wrap: Sterling up after UK CPI, markets mixed awaiting Fed
•
Headlines: Markets: NZD advances, USD lags during the day European stocks lower; S&P 500 futures up 0.1% US 10-year Treasury yields rise 2.8 basis points to 3.677% Gold rises 0.4% to $2,578.75 West Texas Intermediate crude fell 0.9% to $69.22. Bitcoin down 0.7% to $59,913 It’s all about the countdown…
-
Dollar cedes to yen ahead of Fed decision By Reuters
•
By Tom Westbrook LONDON (Reuters) – The dollar gave up some overnight gains against the yen on Wednesday as investors adjusted positions at the last minute before a policy meeting expected to kick off the U.S. monetary easing cycle. The US Federal Reserve is expected to cut interest rates for…
-
Asia FX firm, dollar drifts lower with Fed rate cut in sight By Investing.com
•
Most Asian currencies rose on Wednesday, while the dollar fell as markets braced for a widely expected interest rate cut by the Federal Reserve later in the day. Public holidays in Hong Kong and South Korea limited overall trading volumes, while the Chinese yuan weakened as domestic trade resumed after…
-
Dollar slips further ahead of key Fed meeting By Investing.com
•
Investing.com – The U.S. dollar fell on Tuesday, trading near its lowest levels this year, amid growing bets that the Federal Reserve will cut interest rates this week, and possibly by a large amount. At 04:40 ET (08:40 GMT), the dollar index, which tracks the greenback against a basket of…
-
European equity close: Solid gains ahead of the Fed decision
•
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…
-
Dollar dragged by 50 bps Fed cut wagers By Reuters
•
LONDON (Reuters) – The dollar traded near its lowest levels this year on Tuesday, on the eve of the expected start of U.S. monetary easing that markets are betting could start with a big interest rate cut. The euro was steady at around $1.1133 by 08:30 GMT, not far from…
-
European Stocks Rise With Data in Focus Before Fed: Markets Wrap
•
(Bloomberg) — European stocks rose as traders awaited a final batch of U.S. economic data that could determine the size of the Federal Reserve’s interest-rate cut on Wednesday. Most Read from Bloomberg Retail and bank stocks led gains on the pan-European STOXX 600, while moves in other markets were muted…
-
The bond market stays in focus in run up to the Fed tomorrow
•
Monthly chart of US 2-year Treasury yields (%) This is one of the key charts to watch in the markets right now. The yield on the 2-year note remains elevated near the 3.55% level but bond investors will have to wait for confirmation from the Federal Reserve tomorrow. Additionally, the…
-
Will the US retail sales report tip the scale to a 50bp Fed rate cut? The ranges to watch.
•
UBS says retail sales data could tip the balance between a 25bp or 50bp rate cut: Retail sales and industrial production data… Weakness in these data could affect the Fed’s decision to cut the federal funds rate by 50 basis points instead of 25 basis points I’m not entirely sure…
-
European shares end marginally lower on tech drag; Fed in focus By Reuters
•
By Shubham Batra and Shashwat Chauhan (Reuters) – European shares closed slightly lower on Monday as losses in heavyweight technology stocks weighed on the index, while the focus remained on the U.S. Federal Reserve, which is widely expected to start its monetary easing cycle this week. The pan-European STOXX 600…
-
US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut By Reuters
•
(This Sept. 13 story has been refiled to remove Mellon’s BNY name in paragraph 8.) By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar fell to its lowest level in nearly nine months against the Japanese yen on Friday after media reports rekindled speculation that the…
-
Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
•
With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…