Federal Reserve cuts key rate by quarter-point
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The Federal Reserve's two-day policy-setting meeting begins Tuesday. Policy committee members may be divided on their decision and forecasts.
Trump is the first president to try to fire a Federal Reserve governor. The law's "for cause" removal requirement has never been tested in court.
A hold from the SARB keeps funding costs intact, while the Fed’s move should help global liquidity conditions.
(Reuters) -London stocks advanced on Thursday, in line with a broader move across Europe after the U.S. Federal Reserve cut interest rates for the first time this year, with focus now on the Bank of England's (BoE) rate verdict later in the day.
The Federal Reserve won't use its unconventional policy tools to lower the government's borrowing costs, said former New York Fed President Bill Dudley. If the 10-year yield were rising in a "relatively orderly way" to 5% or 6% because people were unhappy with the outlook for the federal deficit,
Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve’s first interest rate cut in nine months. Futures for the S&P 500 rose 0.8% before the bell, while futures for the Dow Jones Industrial Average added 0.7%. Nasdaq futures jumped 1.1%.
Hong Kong's central bank on Thursday lowered its base interest rate by 25 basis points to 4.50%, tracking a cut by the U.S. Federal Reserve.
New Federal Reserve governor Stephen Miran was the lone dissenter from the central bank's decision to trim rates by a quarter of one percentage point. Miran, who was President Donald Trump's top economist before joining the central bank,