Markets tank as Fed slashes rate despite inflation fears: Longest losing streak since 1974
4 days, 20 hours ago

Markets tank as Fed slashes rate despite inflation fears: Longest losing streak since 1974

Daily Mail  

The U.S. Federal Reserve cut interest rates again on Wednesday but signaled it will slow the pace of cuts next year, sending stocks tumbling. 'Economic activity has continued to expand at a solid pace' with an unemployment rate that 'remains low' and inflation that 'remains somewhat elevated,' the central bank's rate-setting committee said on Wednesday. The Dow also fell more than 2.6 percent, the eleventh straight trading session in the red, its longest losing streak since 1974. The Federal Reserve cut interest rates for a third time on Wednesday The new projections suggest consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing.

Inflation Fed Rate Cut Rates Longest Losing  cut  rates  longest  losing  rate  markets  central  tank  target  fears  suggests  inflation  economy  streak  slashes  remains  fed

History of this topic

Fed lowers rates but sees fewer cuts ahead
Top News
3 days, 15 hours ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

US Federal Reserve Chair Jerome Powell departs after speaking at a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, December 18, 2024. WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
4 days, 17 hours ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
3 weeks, 5 days ago

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

Associated Press  

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. Yet …

Dow hits another record as stocks continue to rise
4 weeks ago

Dow hits another record as stocks continue to rise

LA Times  

U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury secretary. Such an approach could soothe worries …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
1 month, 2 weeks ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

Federal Reserve cuts its key interest rate by a quarter-point
Trending News
1 month, 2 weeks ago

Federal Reserve cuts its key interest rate by a quarter-point

The Hindu  

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. Why rate cuts by the U.S. Federal Reserve matter to world markets In a statement after its latest meeting ended, the Fed said the …

Federal Reserve cuts its key interest rate by a quarter-point after Trump's election win
Top News
1 month, 2 weeks ago

Federal Reserve cuts its key interest rate by a quarter-point after Trump's election win

Hindustan Times  

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. Federal Reserve Board Chairman Jerome Powell The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on …

Dow sets a record as Wall Street drifts to the finish of another winning week
2 months, 3 weeks ago

Dow sets a record as Wall Street drifts to the finish of another winning week

LA Times  

U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession. U.S. employers have slowed their hiring, and the inflation report on Friday also showed that growth in U.S. consumer spending in August fell shy of economists’ …

Stock market today: Wall Street ticks to another record as stocks worldwide rally
2 months, 3 weeks ago

Stock market today: Wall Street ticks to another record as stocks worldwide rally

LA Times  

U.S. stocks rose to another record Thursday as financial markets around the world rallied again. The hope on Wall Street is for a form of financial nirvana where the U.S. economy’s growth can hold steady and keep profits for companies humming while the Federal Reserve continues to lower interest rates. It’s now cutting them to make things easier for the …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
3 months ago

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian markets forged higher on …

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
3 months ago

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

Associated Press  

NEW YORK — U.S. stock indexes remained stuck in place on Tuesday as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years. The calm movements for the U.S. stock market overall were a sharp departure from prior weeks, during which the S&P 500 briefly fell nearly …

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near
3 months, 3 weeks ago

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

LA Times  

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. In a high-profile speech last week, Fed Chair Jerome H. Powell attributed the inflation surge that …

Wall Street ticks higher after inflation data clears the way for cuts to rates
4 months, 1 week ago

Wall Street ticks higher after inflation data clears the way for cuts to rates

LA Times  

The Standard & Poor’s 500 index rose 0.4% on Wednesday to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Standard & Poor’s 500 index rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
4 months, 3 weeks ago

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

Associated Press  

NEW YORK — For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly. A bonanza around artificial-intelligence technology helped drive Big Tech stocks higher, while other areas of the market held up amid rising hopes for coming cuts to interest rates by the Federal Reserve. A measure of fear …

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
5 months, 2 weeks ago

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Associated Press  

WASHINGTON — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Rate cuts by the Fed would likely lead, over time, to lower borrowing costs for mortgages, auto loans and credit cards as well as business borrowing, and could also …

Stock market today: Global stocks are mixed after Wall Street edges to more records
6 months ago

Stock market today: Global stocks are mixed after Wall Street edges to more records

Associated Press  

HONG KONG — World stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. In London, the FTSE 100 lost 0.2% to 8,177.86 after data showed that British inflation fell to the central bank’s 2% target for the first time in nearly three …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
6 months, 3 weeks ago

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Associated Press  

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. But with inflation remaining stubbornly above the Fed’s target level, Wall Street traders now expect just one rate …

Stock market today: Asian markets wobble after Fed sticks with current interest rates
7 months, 3 weeks ago

Stock market today: Asian markets wobble after Fed sticks with current interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian markets wobbled in Thursday …

Federal Reserve says interest rates will stay at two-decade high until inflation further cools
7 months, 3 weeks ago

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

Associated Press  

WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. Despite the recent setbacks, he said, “My expectation is that over the course of this year, we will see …

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High
7 months, 3 weeks ago

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High

Bloomberg  

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday: Federal Open Market Committee votes unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting; adds new sentence to statement noting, “In recent months, there has been a lack of further progress toward the Committee's 2% inflation objective” Statement repeats …

Wall Street rallies to records as Federal Reserve sees rate cuts for 2024
9 months ago

Wall Street rallies to records as Federal Reserve sees rate cuts for 2024

Associated Press  

TOKYO — Asian benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following the Federal Reserve’s i ndication that it expects to deliver interest rate cuts later this year. Some of Wall Street’s nervousness coming into the day washed away after the Fed released a survey of its policy makers, which showed the median still expects the …

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
9 months ago

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts

Associated Press  

WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Excluding volatile food and energy costs, so-called “core” prices rose at a monthly pace of 0.4% in both January and February, a pace far higher than is consistent with …

Stock market today: Wall Street slips further away from records amid inflation worries
9 months, 1 week ago

Stock market today: Wall Street slips further away from records amid inflation worries

Associated Press  

Wall Street closed out its second straight losing week Friday, giving back some of the gains that helped push the stock market to an all-time high earlier in the week. Inflation remains the big concern for Wall Street amid hopes for the Federal Reserve to start cutting interest rates. A report on consumer prices this week showed inflation remains stubborn, …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
9 months, 1 week ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Stock market today: Wall Street skids after inflation remains stubbornly high
10 months, 1 week ago

Stock market today: Wall Street skids after inflation remains stubbornly high

Hindustan Times  

NEW YORK — Stocks fell sharply after disappointing data on inflation made investors confront the bitter possibility that interest rates will stay high for months longer than they were hoping. The worse-than-expected inflation report may have put the final nail into hopes that the Federal Reserve could deliver its first interest rate cut in March. Stocks of smaller companies fell …

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year
10 months, 1 week ago

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year

Daily Mail  

Annual inflation was 3.1 percent in January - above the 2.9 percent figure predicted by economists and investors. Annual inflation was 3.1 percent in January, which was a decrease from 3.4 percent in December but still 0.2 percent higher than expected The inflation figure plays a big part in the whether the Federal Reserve will cut interest rates soon rather …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year
1 year ago

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

Associated Press  

WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year. “Inflation keeps coming down, the labor market keeps getting back into balance and, it’s so far, so good,” Powell said after the Fed’s 19-member policy …

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
1 year, 1 month ago

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

Associated Press  

WASHINGTON — The Federal Reserve is poised to leave its key interest rate unchanged Wednesday at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors. Powell and other Fed policymakers have said they think those trends may contribute to an economic slowdown — …

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
1 year, 1 month ago

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Federal Reserve is poised …

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’
1 year, 3 months ago

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed’s policymakers also signaled that they expect to raise rates once more this year and envision their key rate staying higher in 2024 than …

Fed leaves rates unchanged but hints at future hike
1 year, 3 months ago

Fed leaves rates unchanged but hints at future hike

The Telegraph  

The Federal Reserve has refrained from raising interest rates further from a 22-year-high, as it nears the end of its most aggressive inflation fight in decades. The decision will keep its benchmark rate at a target range of 5.25pc to 5.50pc, but Chair Jerome Powell warned it was too early to say the battle against inflation was won. He told …

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation
1 year, 3 months ago

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

LA Times  

Inflation is still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in 40 years. Yet it’s still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in …

US Fed leaves interest rates unchanged, signals another hike
1 year, 3 months ago

US Fed leaves interest rates unchanged, signals another hike

Al Jazeera  

The US Fed expects interest rates to fall only half a percentage point in 2024, lower than market expectations. As they did in June, Fed policymakers at the median still see the central bank’s benchmark overnight interest rate peaking this year in the 5.5 percent to 5.75 percent range, just a quarter of a percentage point above the current range. …

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years
1 year, 4 months ago

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years

LA Times  

Shoppers peruse a display of Rainer cherries at a Costco warehouse July 11 in Sheridan, Colo. On Friday, the Commerce Department issues its June report on consumer spending. Prices rose just 3% in June from 12 months earlier, down from a 3.8% annual increase in May, though still above the Fed’s 2% inflation target. Friday’s report from the Commerce Department …

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
1 year, 5 months ago

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years

Associated Press  

WASHINGTON — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs. Still, last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs. From …

US Federal Reserve Keeps Interest Rate Unchanged after 10 Straight Hikes
1 year, 6 months ago

US Federal Reserve Keeps Interest Rate Unchanged after 10 Straight Hikes

News 18  

The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation. One reason why the …

U.S. economy slowed but still grew at 2.9% rate last quarter
1 year, 10 months ago

U.S. economy slowed but still grew at 2.9% rate last quarter

LA Times  

An employee works in the battery assembly hall at the BMW Spartanburg plant in Greer, S.C., on Oct. 19. The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday’s estimate from the Commerce Department showed that the nation’s …

Federal Reserve and the markets in standoff on rate hikes
1 year, 10 months ago

Federal Reserve and the markets in standoff on rate hikes

Associated Press  

WASHINGTON — Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, investors still don’t seem to fully believe what the Fed warns is coming next: Higher rates through the end of the year, which could sharply raise unemployment …

A diminished US workforce could lead Fed to keep rates high
2 years ago

A diminished US workforce could lead Fed to keep rates high

Associated Press  

WASHINGTON — Still eager to hire, America’s employers are posting more job openings than they did before the pandemic struck 2½ years ago. “This labor shortage that we have,” the Fed chair said, “it doesn’t look like it’s going away anytime soon. “It’s hard enough finding workers, but a bench jeweler is a dying breed,” said Moriarty, referring to an …

Stocks lose more ground on fears a recession may be looming
2 years, 2 months ago

Stocks lose more ground on fears a recession may be looming

Associated Press  

NEW YORK — Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. “The Fed thinks we need more people unemployed in order to make sure inflation comes down and stays down.” Stocks have tumbled over 20% from records this …

Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data
2 years, 3 months ago

Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data

News 18  

A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their biggest one-day percentage drops since June 2020 during the throes of the …

Dow drops 1,000 after Fed’s Powell says rates will stay high
2 years, 3 months ago

Dow drops 1,000 after Fed’s Powell says rates will stay high

Associated Press  

NEW YORK — The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on high interest rates in its effort to tame inflation. The S&P 500 lost 3.4%, its biggest drop since mid-June, after Jerome Powell said the Fed will likely need …

4 reasons the economy looks like it’s crumbling — and what to do about it
2 years, 7 months ago

4 reasons the economy looks like it’s crumbling — and what to do about it

CNN  

New York CNN Business — The American economy is super weird right now. The Fed is hiking rates Inflation has been rampant, and the Federal Reserve’s tool to fight surging prices lies in its ability to set interest rates higher. Fed Chair Jerome Powell said this month the central bank would continue to raise rates by half a percentage point …

Stocks week ahead: How long will inflation last? The answer lies in the past
2 years, 7 months ago

Stocks week ahead: How long will inflation last? The answer lies in the past

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “It’s our job to make sure that inflation of that unpleasant high nature doesn’t get entrenched in the economy,” said Fed Chair Jerome Powell last Wednesday, just after he announced a half-point interest rate hike to combat inflation. “There are just so many things that can …

Discover Related