Bank of England holds rate
Digest more
The Federal Reserve’s interest rate cut Wednesday and macroeconomic uncertainty could trigger selling by investors in private credit funds who are looking to rebalance their portfolios, according to Antares Capital’s Olga Kosters.
Stock markets in the United Arab Emirates closed higher on Friday after UAE central bank lowered interest rates by a quarter percentage point, in line with the U.S. Federal Reserve. The move sparked optimism for stronger economic growth and boosted investor confidence.
Major stock indexes ended mixed Wednesday after the Federal Reserve trimmed interest rates by a quarter percentage point and signaled further cuts ahead. The Dow industrials hit an all-time high and closed higher,
The Fed cut rates Wednesday, resisting Trump’s push for deeper cuts, but looming legal and political battles — including a Supreme Court case — could test its independence.
Major brokerages including Goldman Sachs, Citigroup and J.P.Morgan expect no more interest rate cuts by the Bank of England this year after the British central bank kept its key rate on hold.
U.S. stocks continued to remain on track to reach all-time closing highs as of Thursday's final hour of trading, helped by the Federal Reserve's quarter-point interest-rate cut a day ago. "For the foreseeable future,
Bitcoin, XRP and Ethereum jumped early Thursday as crypto investors welcomed the Federal Reserve’s first interest-rate reduction in nine months and digested the prospect of more cuts to come.
Oil prices edged lower on Thursday after the Federal Reserve cut interest rates as traders weighed the start of looser monetary policy against concerns about the U.S. economy.