-- Stocks hit fresh all-time highs, Treasury yields fell and the dollar dropped the most since August, with traders keeping a close eye on Jerome Powell’s remarks after the Federal Reserve cut rates by a quarter percentage point to support the economy. They tweaked language to note “labor market conditions have generally eased,” and repeated “the unemployment rate has moved …
China's top financial regulators, in a move that went beyond market expectations, unveiled a potent combination of monetary easing measures on Tuesday, aimed at anchoring market confidence and underpinning economic recovery amid domestic and global headwinds, analysts said. Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, said at a news conference on Tuesday that the …
The Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank said on Wednesday, its eighth consecutive hike as policy makers try to subdue inflation. "Over the past year we have taken forceful actions to tighten the stance of monetary policy," Fed Chair Jerome Powell said in a press conference Wednesday. …
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fuelled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. The interest rate decision is the first since Ms. Truss’ government announced 45 billion pounds of unfunded tax cuts that …
Borrower with average $600,000 would see monthly repayments jump by $90 All of Australia's Big Four banks are expecting another interest rate rise on Melbourne Cup Day - the seventh monthly increase in a row. All of Australia's Big Four banks are expecting another interest rate rise on Melbourne Cup Day - the seventh monthly increase in a row The …
