Going into the September meeting of the Federal Open Market Committee (FOMC), investors were divided on what the Fed was going to do. The futures market had a roughly 50/50 chance for either no rate cut or a 25-basis-point rate cut.Well, we just got...
Related topics: FOMC
The digital payments industry has been expanding at a swift pace for years, and there are no obvious speed bumps in front of it. Companies like PayPal and Square continue to disrupt the old model, and even the Federal Reserve now plans to develop...
Related topics: Banking, Paypal
Major benchmarks were mixed on Wednesday, as market participants weren't satisfied with the latest move from the Federal Reserve. The central bank decided to cut interest rates by a quarter percentage point, but it left open the possibility that any...
Related topics: Banking
Last week, President Donald Trump tweeted that the "boneheads" at the Federal Reserve should reduce the federal funds interest rate that the Fed tries to control to zero, or even less, in an attempt to goose the economy.
Today, in what is surely a...
Related topics: Donald Trump
Amanda Griffiths
The Cato Institute's newest book, Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922–1938 is out now — and it's already getting rave reviews for challenging conventional wisdom on the Great...
Related topics: Gold
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday, in an effort to goose the slowing U.S. economy.
Bonds, Stocks, & Bullion Battered As Powell Shrugs Off Liquidity Crisis
Update (1450ET): Fed Chair Powell was very clear in shrugging off and downplaying the biggest liquidity crisis in over a decade when asked numerous times:
“They...
NY Fed To Conduct Third Consecutive Repo Operation On Thursday At 8:15am
The Fed may or may not launch QE4 at some point in the near future, even though Powell said that growing the balance sheet is "certainly possible", but for now the...
The US Federal Reserve cut its benchmark interest rate for the second time this year on Wednesday but the policy committee is divided, with three of the 10 voting members dissenting. The central bank also moved to ease concerns about a cash crunch...
Related topics: Banking
Statement here. Fed Chair Powell press conference video here starting at 2:30 PM ET.On the projections, growth was revised up slightly, and other projections were mostly unchanged.Q1 real GDP growth was at 3.1% annualized, and Q2 at 2.0%. ...
Related topics: FOMC, Business Videos
The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take. Much of the statement remains the same from meeting to meeting. Fed...
Related topics: Banking
WASHINGTON, Sept 18 (Reuters) - The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed...
Related topics: Reuters
The Federal Reserve's open market committee on Wednesday cut the federal funds rate by another quarter point. Not everyone was happy with that choice.
Related topics: FOMC
Benchmarks closed in the positive territory on Tuesday as crude oil prices dropped as impact on Saudi Aramco’s attack faded. Investors also patiently waited for an anticipated Fed interest rate cut on Wednesday.The Dow Jones Industrial Average...
The Fed is widely expected to trim interest rates when it issues its policy statement on Sep 18 at the end of the two-day meeting. If the speculation materializes, it will mark the central bank second rate cut this year, and many are of the opinion...
Related topics: Banking
How Are Hedge Funds Positioned Ahead Of The Fed
With just over an hour left until the Fed's latest announcement, traders are hunkering down ahead of what could be a very volatile market response
Why?
While there is certainly the...
Related topics: Hedge Funds
The big news today is the Federal Reserve announcement of future policy. Specifically, interest rates.
Now that we have that out of the way let’s talk. Your friendly Gold Enthusiast has not been a fan of the timing of interest rate changes...
Related topics: Gold
James A. Dorn
As the 2020 presidential election season heats up, Federal Reserve Chairman Jerome Powell is being pushed from all sides. President Trump has castigated him for overly tight monetary policy and has implied that Powell is a “bigger...
Related topics: United States Presidential Election
“The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Trump’s trade war with China and geopolitical risks such as the attacks on...
Related topics: China
Savers are looking at lower rates, too, as experts forecast another Fed rate cut in September, and possibly in December.