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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 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 ...
In question is how low the Fed will go: whether 25 basis points or 50 basis points. ... projects a 65% chance that the Fed will cut rates to a range of 4.75% to 5.00%, ...
More Federal Reserve officials explained why they were in favor of reducing interest rates by a jumbo 50 basis points instead of a smaller first cut, citing progress on inflation and a cooling job ...
In question is how low the Fed will go: whether 25 basis points or 50 basis points. ... projects a 65% chance that the Fed will cut rates to a range of 4.75% to 5.00%, ...
Some on Wall Street have also pointed out that a 50 basis point interest rate cut could create a more ominous sign about the health of the US economy than the central bank would like to portray.
The Federal Reserve front-loading interest rate cuts to reignite a slowing US economy is still a possibility. "I wouldn't rule out 50 basis points, but 25 basis points strikes me as more likely ...
If the Federal Reserve cuts interest rates by 50 basis points, ... Investors see a 41% chance of a 50 basis point cut at the Fed's meeting on September 18, up from 34% odds last week, ...