rate

Goldman Sachs economists now expect the Fed to cut rates by 25 basis points at each of the three remaining meetings this year. They previously expected two rate cuts."Today's report suggests that the slowdown in labor market conditions has…

By Karen Brittl NEW YORK (Reuters) - The U.S. dollar fell to a four-month low on Friday after a weaker-than-expected July employment report raised expectations the Federal Reserve will cut interest rates by 50 basis points in September as…

After some amazing earnings/revenue numbers from Amazon after the shutdown (revenue declines and slower consumer concerns), and a day of bad news yesterday, markets got another dose of “weakness” today in the US jobs report. The US nonfarm…

Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan…

As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains "It has been modified," a change from the…

The People's Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT.The People's Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan…

By Chibuike Ojoh NEW YORK (Reuters) - The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve…

Australian Bureau of Statistics data showed that inflation in Australia maintained its quarterly growth of 1.0% in the second quarter of 2024, which was driven by price increases in food, clothing, alcohol and tobacco products. On an…

ING Bank's response to today's inflation data from Australia:If you want a reason to keep rates unchanged at the August 6 meeting, today's core numbers somewhat support the "let's give the economy the benefit of the doubt" argument. The…

Reuters Post a piece with a good explanation if you want another preview. previously:Bank of America expects BoJ rate hike today... see USD/JPY (finally) at 145Bank of Japan Decision Day: Will Interest Rates Rise or Stay Steady?There was a…