County Jerome Financial News
20.09 / 18:23
20.09 / 15:55
markets
UPS
FIVE
Analysis
Trade
International
Fed’s relaxed bank-capital plan faces bipartisan FDIC pushback
bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp. At least three of five FDIC directors oppose the latest overhaul previewed by the Federal Reserve last week, according to people familiar with their thinking. Democrat Rohit Chopra has joined the two Republican board members, including Vice Chairman Travis Hill, against the changes, the people said.
20.09 / 14:29
markets
UPS
Target
economy
CIBC
show
reports
Posthaste: Bank of Canada can go bigger on rate cuts as Fed 'blows the door wide open'
The United States Federal Reserve made a big splash with Wednesday’s 50-basis-point interest rate cut, prompting some Canadian economists to believe the Bank of Canada could match the move when policymakers meet at the end of October.
20.09 / 01:47
markets
UPS
Analysis
Research
Trade
S&P 500 surges to record high close on euphoria over Fed rate cut
Federal Reserve cut interest rates by 50 basis points and indicated more rate cuts were on the horizon. Heavyweight stocks that have enjoyed much of this year's stock market rally made fresh gains, with Tesla surging over 7%, and Apple and Meta Platforms each up almost 4%.
19.09 / 20:35
markets
economy
wellness
cover
reports
Department
rights
Fed's Powell: policymakers noted 'artificially high' jobs data, revisions in rate cut decision
Barrons senior writer Megan Leonhardt reacts to the U.S. economy adding 818,000 fewer jobs than initially reported on 'Cavuto: Coast to Coast.'
19.09 / 18:33
markets
UPS
Target
SPY
reports
Department
Weekly applications for US jobless benefits fall to the lowest level in 4 months
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week
19.09 / 17:19
markets
Action
economy
Fallout
Cycling
Profiles
Look out for the goldilocks moment
US Federal Reserve's half-a-point interest rate cut on Wednesday — the first cut in four years — in their stride on expectations that 'Fedhead' Jerome Powell is front-loading the downcycle. This is the less scary scenario over the US tipping into a recession, and investors seem quite comfortable with it. But the rate action may not have played through yet.
19.09 / 15:07
markets
UPS
economy
Dreams
trends
Cycling
The Fed aims to repeat Greenspan’s 1990s masterpiece
Subscribe to enjoy similar stories. The Federal Reserve famously guided the economy to a soft landing in 1995, paving the way for the economic boom that followed. Can it do so again? With Wednesday’s sizable rate cut, it is off to a good start.
19.09 / 15:07
markets
COST
Manufacturing
Research
wellness
information
India’s IT sector much-awaited moment has arrived: the US Fed’s rate cut
Subscribe to enjoy similar stories. The US Federal Reserve’s steeper-than-expected interest rate cut augurs well for India’s $254-billion information technology services sector, as lower borrowing costs could prompt companies to increase their spending on technology. The US is the biggest market for India’s IT services sector.
19.09 / 11:27
markets
UPS
economy
Food
Cycling
show
Global markets want the US Fed to go fast and furious on rate cuts
Subscribe to enjoy similar stories. In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%).
19.09 / 10:41
markets
Target
Progressive
DOW
economy
Election
The Fed cut rates by half-point: What to know
The Claman Countdown panelists Gabriela Santos and Kenny Polcari analyze the impact of the Federal Reserve rate cut move.
19.09 / 07:23
markets
BTC
Target
Election
Universities
Bitcoin
show
Fed Cuts Rate by 50bps, Surprises Market With Dovish Dot-Plot – Here’s How Bitcoin (BTC) Reacted
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
19.09 / 04:09
markets
UPS
Analysis
economy
Trade
Wall Street’s new era is off to rocky start as Fed sows doubts
Jerome Powell delivered exactly what traders up and down Wall Street had long hoped for: A big interest-rate cut that would justify this year’s steep rally in stocks and bonds as the era of tight monetary policy finally began to reverse. Equities, especially those of economically sensitive companies, briefly surged Wednesday, driving the S&P 500 up as much as 1%. Ditto bonds, while the prospect of easy money ahead initially pushed up speculative assets like crypto.
19.09 / 04:09
markets
JPMorgan
Analysis
Remark
trends
Trade
Cycling
Traders bet on more easing as Fed opts for half-point rate cut
US interest-rate cuts after the Federal Reserve reduced its benchmark by half a point and signaled more cuts coming this year. The market is now pricing in another 70 basis points worth of rate reductions at the Fed’s two remaining meetings this year, reflecting a far more aggressive stance than policymakers. Officials on Wednesday forecast just a half-point of further easing in 2024, though Chair Jerome Powell made clear that Wednesday’s decision wasn’t indicative of the pace ahead for cuts.
19.09 / 02:59
markets
economy
Nov
pandemic
reports
volunteers
prevention
Big rate cut forces US Fed to contend with new obstacles
Subscribe to enjoy similar stories. Fed Chair Jerome Powell entered a new phase in his campaign to softly land the U.S. economy, lowering interest rates Wednesday with an audacious half-point cut.
19.09 / 02:23
markets
COST
UPS
consequences
reports
rights
Profiles
The Federal Reserve is finally lowering rates. Here's what consumers should know
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
19.09 / 01:21
markets
DOW
economy
wellness
trends
reports
Impact of oversized US Fed rate cut falls on Asia-Pacific markets: What it could mean for the US economy
US Federal Reserve's Chair Jerome Powell shook the markets after their aggressive stance of a 50 basis points rate cut, the US economy is in a precarious situation. Meanwhile, the effects of the same can be easily felt in the Asia-Pacific markets as well, as they reportedly opened higher than usual, hours after the massive Fed rate cut.
18.09 / 23:11
markets
Target
Progressive
economy
Election
President
reports
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers
18.09 / 20:15
Target
Sustainability
Nov
pandemic
reports
Updates
The Fed forecasts lowering rates by another half point before the year is out
The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank has two more policy meetings to do so.
18.09 / 19:03
markets
Target
Progressive
Fighting
economy
2020
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
Fed Reserve Chair Jerome Powell holds press conference after announcing highly anticipated decision on interest rates.
18.09 / 18:47
markets
Target
Action
Universities
Bitcoin
show
Updates
Fed Cuts Rate by 50bps, Surprises Market With Dovish Dot-Plot – Here’s How Bitcoin (BTC) Reacted
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
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