2024-08-09 | Industry Dynamics
A sharp slowdown in the U.S. job market, which has triggered days of global stock market turmoil, has also led to speculation that the Federal Reserve might not wait until its next scheduled meeting in September to cut interest rates.
2024-08-01 | Industry Dynamics
Stocks and government bonds experienced significant gains on the last day of July, marking a strong close to a fluctuating month in global markets.
2024-07-04 | Industry Dynamics
Federal Reserve officials, during their June meeting, noted that while inflation is heading in the right direction, it hasn’t decreased swiftly enough to justify lowering interest rates just yet. The minutes from the meeting, released on Wednesday, reveal that policymakers are seeking more robust data before feeling confident enough to reduce rates.
2024-06-13 | Education
Central banks around the world have begun to cut interest rates, with the market now focusing on the U.S. Federal Reserve’s impending rate decision.
2024-06-13 | Industry Dynamics
Federal Reserve officials have scheduled just one interest rate cut for this year, responding cautiously even as recent inflation data showed improvement. The Federal Reserve maintains its benchmark rate at a steady 5.25% to 5.5%, aligning with expectations. Projections indicate that 15 of 19 officials anticipate reducing rates this year, likely by a single cut.
2024-06-11 | Industry Dynamics
The S&P 500 and Nasdaq Composite both achieved record highs, rising 0.3% in subdued trading ahead of this week’s Federal Reserve meeting. While the Dow Jones Industrial Average also saw a modest increase of 0.2%, bond yields, particularly the 10-year Treasury yield, ended higher at 4.468%.
2024-05-02 | Industry Dynamics
Today’s News The Federal Reserve decided to keep interest rates unchanged, expressing concerns about the lack of significant progress in addressing inflationary pressures. Despite a strong start to 2024 with three months of unexpectedly rapid price increases, Fed Chair Jerome Powell noted the anticipated decline in inflation towards the 2% target may take longer […]
2024-04-04 | Industry Dynamics
Today’s News Federal Reserve Chair Jerome Powell restated on Wednesday the central bank’s anticipation for interest rate cuts this year, despite the recent surge in economic activity. Powell highlighted that despite the stronger-than-expected economic performance, the Fed’s overarching expectation of diminishing inflation still allows room for interest rate reductions. Powell emphasized that indicators suggest the […]
2024-03-07 | Industry Dynamics
Today’s News On Wednesday, the stock market experienced a resurgence following Federal Reserve Chair Jerome Powell’s assurance to the House Financial Services Committee that the central bank maintains its course toward reducing interest rates this year. Powell’s remarks, released before the opening bell, initially propelled major indexes upwards, although they tapered off towards the market […]
