the Fed Rate Cut May Impact You
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The Federal Open Market Committee cut the federal-funds rate by a quarter percentage point on Wednesday because members see a “shift in the balance of risks,” Fed Chair Jerome Powell said in opening his post-meeting press briefing.
The dollar edged higher against the euro on Wednesday, rebounding from a four-year low hit in the previous session, as investors awaited a widely expected Federal Reserve interest rate cut later in the day.
The federal-funds futures market indicated Wednesday afternoon that the Federal Reserve may cut interest rates in September, as the traders assessed the Fed’s latest policy statement. Traders in the fed-funds-futures market showed a 63.7% chance that the ...
Gold price holds near record highs as traders bet on a Fed rate cut. Weak U.S. jobs data and ETF inflows support a bullish XAU/USD outlook.
Equities are overall higher in the pre-Fed hours, with megaretailer Walmart (WMT) rising 2.2% and climbing above $105.00 on expectations that lower rates will ease credit constraints on consumers, enabling Walmart customers to access deeper debt vehicles and continue purchasing goods and services at current income-to-cost ratios.
Traders appeared more certain that the Federal Reserve will cut interest rates at its monetary-policy meeting next month as Fed Chair Jerome Powell delivered remarks Friday at the annual Jackson Hole Economic Policy Symposium in Wyoming. Federal-funds ...