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The 50-basis-point rate cut triggered a sharp fall in the value of the U.S. dollar, with the greenback weakening across the board, particularly against the Japanese yen which rose by 1%.
The latest inflation data takes a 50 basis point rate cut off the table. “Today’s inflation data cemented in a [25] basis point cut next week. [50] basis points is out the window,” said Gina ...
The Fed's move follows a 25-basis-point cut in November and a larger-than-normal cut of 50 basis points at its September meeting, which was the first reduction in rates since March 2020 and ...
The Federal Reserve cut interest rates on Wednesday for the first time since March 2020, lowering the Fed funds rate by 50 basis points as it declared the fight against inflation all but won.. The ...
The market sees a 53% probability of rates being at 4.25% to 4.5%, which would imply a 25 basis point cut following a cut of the same size this month. That's up from a 47% probability as of ...
Fed Chair Jerome Powell made it clear at the end of last month that a cut in September was “on the table ... a 25 basis point cut are now split roughly 50/ ... 50 [basis point rate cut]," added ...
The Fed delivered a 50 basis point rate cut on Wednesday - lowering borrowing costs for the first time in more than four years - and assured investors the jumbo-sized reduction was a measure to ...
As of Friday, the probability of a 50 basis point cut rose to 49%, up from 30% one week ago. At the heart of the rate cut debate is the risk of a recession, a concern that’s plagued Wall Street ...