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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 decision to go with a larger 50 basis point rate cut, instead of the more common 25 basis point option, comes amid a significant cooling in the labor market as well as calls for a larger rate ...
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 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 ...
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 ...
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's big rate cut won't stop a recession, economist David Rosenberg says. ... Rosenberg's bearish call comes one day after the Federal Reserve delivered a jumbo 50 basis point interest rate ...