London markets plunge after Fed decision hammers Wall Street
2 weeks, 6 days ago

London markets plunge after Fed decision hammers Wall Street

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 FTSE 100 tumbled on Thursday after the latest US interest rate cut drove a sharp sell-off on Wall Street. Traders in London followed suit, with top equities falling amid caution ahead of the UK’s own pivotal interest rate decision. The slump was sparked by the US Federal Reserve, which cut interest rates by another 0.25 percentage points – but also signalled it will cut rates fewer times next year than previously predicted. Russ Mould, investment director at AJ Bell, said: “Markets are normally good at reading the signs, but the sell-off on Wall Street last night would suggest investors had started on the Christmas sherry a bit early and were caught out by the Fed’s announcement about where rates might go in 2025.

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History of this topic

Wall Street slumps as good news for the economy is once again bad for stocks
2 days, 6 hours ago

Wall Street slumps as good news for the economy is once again bad for stocks

LA Times  

Good news for the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. But such a solid economy could also keep up pressure on inflation, and it could make the Federal Reserve less likely to deliver the cuts to interest rates that Wall …

Wall Street today: Dow rebounds 200 points after US Fed’s hawkish cut, set to snap 10-day decline; Accenture up 6.5%
2 weeks, 6 days ago

Wall Street today: Dow rebounds 200 points after US Fed’s hawkish cut, set to snap 10-day decline; Accenture up 6.5%

Live Mint  

Wall Street Today: Wall Street's main indexes rebounded to gain some ground on Thursday, December 19, a day after the US Federal Reserve's projections of fewer-than-expected interest rate cuts and higher inflation in 2025 spooked investors and pummeled US stocks. The S&P 500 rose 0.4 per cent in morning trading, a day after tumbling 2.9 per cent when the US …

Bank of England holds interest rates at 4.75% but says UK economy stagnating
2 weeks, 6 days ago

Bank of England holds interest rates at 4.75% but says UK economy stagnating

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 UK interest rates have been …

Bank of England set to keep UK interest rates on hold despite paltry economic growth
2 weeks, 6 days ago

Bank of England set to keep UK interest rates on hold despite paltry economic growth

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 U.K.'s central bank is …

Bank of England set to keep interest rates on hold TODAY despite UK economy stalling after Labour's Budget raid - with fears over resurgent inflation
Top News
2 weeks, 6 days ago

Bank of England set to keep interest rates on hold TODAY despite UK economy stalling after Labour's Budget raid - with fears over resurgent inflation

Daily Mail  

The Bank of England is set to keep interest rates on hold today despite mounting alarm at the stalling economy. Interest rates, which influence how much banks charge for loans and mortgages, are used as a tool by the central bank to keep inflation at its 2 per cent target level. Rob Wood, chief UK economist for Pantheon Macroeconomics, said: …

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year
3 weeks ago

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year

Daily Mail  

America’s central bank last night slashed interest rates for the third time this year but signalled that further cuts in 2025 will be slower than previously thought. The pre-Christmas boost for borrowers in the world’s biggest economy took rates down to a range of 4.25 to 4.5 per cent, a full percentage point lower than where they were in September. …

US stocks tumble as Federal Reserve eyes fewer 2025 rate cuts, Dow falls 2.6%
3 weeks ago

US stocks tumble as Federal Reserve eyes fewer 2025 rate cuts, Dow falls 2.6%

Hindustan Times  

Wall Street stocks tumbled Wednesday after the Federal Reserve lowered interest rates but also slashed the number of 2025 rate cuts in its forecast. All three major indices finished firmly lower after the Fed projected just two interest rate cuts next year, down from four. Although stocks often enjoy a late-year bounce referred to as the "Santa Claus rally," Stovall …

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
3 weeks, 1 day ago

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Associated Press  

NEW YORK — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September …

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025
3 weeks, 1 day ago

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025

LA Times  

Specialist Meric Greenbaum listens on the floor of the New York Stock Exchange as the Federal Reserve’s rate decision is announced Wednesday. U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday that it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said …

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts
3 weeks, 4 days ago

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions on Tuesday, December 17, and will announce its new benchmark interest rate decision on December 18. The US central bank will conduct its two-day Federal Open Market Committee meeting amid Wall Street bets that will likely stay on course towards delivering another rate cut even after …

Bank of England expected to hold interest rates after jump in inflation
3 weeks, 5 days ago

Bank of England expected to hold interest rates after jump in inflation

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 Bank of England is …

Wall Street’s rally stalls as Nasdaq pulls back from its record
4 weeks ago

Wall Street’s rally stalls as Nasdaq pulls back from its record

LA Times  

People pass the New York Stock Exchange in New York’s Financial District on Wednesday. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. He rang the bell marking the start of trading at the New …

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
1 month, 3 weeks ago

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink

Associated Press  

NEW YORK — U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. “Kennedy’s appointment may make it less likely traditional qualified experienced staff will agree to join HHS, creating more uncertainty.” Biotech stocks broadly sank to some of the …

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink
1 month, 3 weeks ago

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink

LA Times  

Trader Robert Charmak works on the floor of the New York Stock Exchange last week. U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. Besides Friday’s hit to vaccine makers, Treasury yields have been climbing on both the economy’s …

Pound gains on the dollar after Bank of England caution on future rate cuts
2 months ago

Pound gains on the dollar after Bank of England caution on future rate cuts

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. The FTSE 100 fell slightly, its second consecutive day …

Bank of England cuts interest rate to 4.75% as UK inflation drops, but economic uncertainty looms
Top News
2 months ago

Bank of England cuts interest rate to 4.75% as UK inflation drops, but economic uncertainty looms

Firstpost  

From the start of the year to September, UK inflation stood at 1.7 per cent, its lowest level since April 2021 and below the central bank’s target rate of 2 per cent The Bank of England cut its main interest rate by a quarter of a percentage point on Thursday after inflation across the UK fell below its target rate …

Bank of England cuts UK interest rates again despite modest budget-related inflation spike
2 months ago

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

Associated Press  

LONDON — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on borrowers who have faced elevated mortgage and loan costs. Though inflation has fallen below the bank’s target of 2%, Governor Andrew Bailey cautioned that interest rates would …

Bank of England poised to cut UK interest rates for second time this year
Top News
2 months ago

Bank of England poised to cut UK interest rates for second time this year

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 UK borrowing costs are set …

UK's central bank cuts interest rate
2 months ago

UK's central bank cuts interest rate

China Daily  

By Earle Gale in London | chinadaily.com.cn | Updated: 2024-11-07 22:35 Pedstrians pass the Bank of England, Britain's central Bank, in London, on November 7, 2024. The United Kingdom's central bank, the Bank of England, or BoE, cut its base interest rate on Thursday, to 4.75 percent from 5 percent, in a move seen as a declaration that rampant inflation …

Bank of England poised to cut UK interest rates for second time this year
2 months ago

Bank of England poised to cut UK interest rates for second time this year

The Independent  

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Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER
2 months ago

Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER

Daily Mail  

Coming hot on the heels of two momentous events – and I don’t mean Halloween and Guy Fawkes – scant attention is being paid to interest rates. Both the Bank of England and the US Federal Reserve are odds on to cut official interest rates. Prediction: Both the Bank of England and the US Federal Reserve are odds on to …

Global stocks tumble and pound weakens as investors digest UK Budget
2 months, 1 week ago

Global stocks tumble and pound weakens as investors digest UK Budget

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 Top global markets tumbled into …

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts
2 months, 2 weeks ago

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts

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 UK interest rates will almost …

Interest rate cut ‘nailed on’ after UK inflation falls to three-year low
2 months, 3 weeks ago

Interest rate cut ‘nailed on’ after UK inflation falls to three-year low

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 A fall in UK inflation …

Bank of England could be ‘more aggressive’ with interest rate cuts, says governor
3 months ago

Bank of England could be ‘more aggressive’ with interest rate cuts, says governor

The Independent  

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Bank says interest rates could be cut ‘gradually’ after holding at 5%
3 months, 2 weeks ago

Bank says interest rates could be cut ‘gradually’ after holding at 5%

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 Bank of England has …

UK interest rates live: Bank of England holds at 5% after shock US Fed cut
3 months, 2 weeks ago

UK interest rates live: Bank of England holds at 5% after shock US Fed cut

The Independent  

✕ Close Inflation set to remain above 2% target in August, say experts Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates …

UK interest rates kept at 5% as Bank of England says ‘vital’ inflation stays low
3 months, 2 weeks ago

UK interest rates kept at 5% as Bank of England says ‘vital’ inflation stays low

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 Bank of England has …

Bank of England widely expected to hold interest rates despite big US Fed cut
3 months, 2 weeks ago

Bank of England widely expected to hold interest rates despite big US Fed cut

The Independent  

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

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
3 months, 3 weeks ago

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world

LA Times  

Specialist Genaro Saporito, foreground, works with traders at his post on the floor of the New York Stock Exchange on Wednesday. Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide after the Federal Reserve’s big cut to interest rates. Wall Street’s gains followed rallies for markets across Europe and Asia after the Federal Reserve delivered the …

Bank of England poised to hold interest rates at 5%, economists say
3 months, 3 weeks ago

Bank of England poised to hold interest rates at 5%, economists say

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 Bank of England is …

Most of Wall Street edges lower after Fed delivers a big cut to rates
3 months, 3 weeks ago

Most of Wall Street edges lower after Fed delivers a big cut to rates

LA Times  

Trader Michale Conlon works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome H. Powell’s news conference appears on a TV screen on Sept. 18, 2024. “That’s the situation we’re in.” The only question is how much the Fed will ultimately cut rates to do so, which can prove to be a tricky balance. The …

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

Wall Street stays stuck in place as it counts down to a Fed rate cut
3 months, 3 weeks ago

Wall Street stays stuck in place as it counts down to a Fed rate cut

LA Times  

On Tuesday, 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 10% below its all-time high. 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 …

FTSE 100 nudges up on higher Fed rate cut hopes
3 months, 3 weeks ago

FTSE 100 nudges up on higher Fed rate cut hopes

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 FTSE 100 ticked up …

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech
4 months, 2 weeks ago

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech

Firstpost  

All three major US stock indexes lost ground, with technology shares leading the decline. The Dow Jones Industrial Average dropped 0.43 per cent to 40,712, the S&P 500 slipped 0.89 per cent to 5,570, and the Nasdaq Composite fell 1.67 per cent to 17,619. Market mover Nvidia, the biggest drag on the S&P 500, erased early gains and ended the …

Global stock markets positive after UK and US inflation releases
4 months, 3 weeks ago

Global stock markets positive after UK and US inflation releases

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 UK’s top share index …

Wall Street stocks plunge as fears grow that tech bubble has burst
5 months ago

Wall Street stocks plunge as fears grow that tech bubble has burst

The Telegraph  

Investors have ramped up bets that the US Federal Reserve will be forced into an emergency interest rate cut to support the economy as fears of recession grow. Shares plunged and bonds rallied amid growing fears that the world’s biggest economy is heading for recession and concern that an AI-fuelled stock bubble has burst. The tech-heavy Nasdaq Composite plummeted by …

FTSE 100 tumbles on Bank of England’s cautious tone after rate cut
5 months, 1 week ago

FTSE 100 tumbles on Bank of England’s cautious tone after rate cut

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 FTSE 100 suffered a …

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years
5 months, 1 week ago

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years

Associated Press  

LONDON — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased. “Inflationary pressures have eased enough that we’ve been able to cut interest rates today,” said Bank Gov. Ensuring low and stable inflation is the best thing we can …

London markets weaken as oil prices slip
5 months, 2 weeks ago

London markets weaken as oil prices slip

The Independent  

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Inflation drops to Bank of England’s 2% target for first time in almost three years
6 months, 2 weeks ago

Inflation drops to Bank of England’s 2% target for first time in almost three years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation has fallen back to the 2 per cent target …

Stock market today: Global stocks are mixed after Wall Street edges to more records
6 months, 2 weeks 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 …

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years
6 months, 2 weeks ago

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 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 Inflation in the U.K. returned …

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices
7 months, 2 weeks ago

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices

The Independent  

✕ Close Hunt attacks Labour and says he refutes 'myths' the economy is worse under Tories 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 Please enter a valid email address Please enter a valid email address SIGN UP I would like …

Bank of England will cut interest rates in August, says Goldman Sachs
7 months, 2 weeks ago

Bank of England will cut interest rates in August, says Goldman Sachs

The Telegraph  

Thanks for joining me. 5 things to start your day 1) Britain’s third new nuclear power station to be built in Anglesey | New North Wales site expected to generate 7pc of the UK’s electricity 2) Sunak and Hunt to press ahead with tax cuts in defiance of IMF warnings | IMF warns next PM faces ‘tough choices’ despite upgrading …

UK inflation predicted to drop close to Bank of England’s 2% target
7 months, 2 weeks ago

UK inflation predicted to drop close to Bank of England’s 2% target

The Independent  

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Bank’s top economist says ‘not unreasonable’ to consider summer rate cut
7 months, 3 weeks ago

Bank’s top economist says ‘not unreasonable’ to consider summer rate cut

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 Bank of England’s top …

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