Today: September 20, 2024
Today: September 20, 2024

Federal Reserve

Economy

Mortgage rates slide to lowest since May - Freddie Mac

The interest rate on the most common type of U.S. home loan fell for a ninth straight week this week to close out the year at their lowest level since May, according to data released

Mortgage rates slide to lowest since May - Freddie Mac
Economy

Asian shares set to snap two-year losing streak on rate cut wagers

Asian stocks took a breather on the last trading day of the year and are set to snap their two-year losing streak with investors buoyed by the expectations that

Asian shares set to snap two-year losing streak on rate cut wagers
Economy

US equity funds see big inflows as rate cut bets rise

U.S. equity funds attracted massive inflows in the week up to Dec. 27, bolstered by expectations of early rate cuts by the Federal Reserve as data showed that inflation cooled further in

US equity funds see big inflows as rate cut bets rise
Economy

Explainer-Charting the Fed's economic data flow

The final month of 2023 featured a rush of data about the health of the U.S. economy and the state of price increases that a number of Federal Reserve officials saw as reassuring signs

Explainer-Charting the Fed's economic data flow
Economy

US overnight funding rate hits record high amid year-end volatility

A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since

US overnight funding rate hits record high amid year-end volatility
Business

New York Fed: Inflows to reverse repo facility surge, hitting $1.018 trillion

By Michael S.

New York Fed: Inflows to reverse repo facility surge, hitting $1.018 trillion
Business

Dollar starts 2024 steady, focus switches to data

The dollar was steady on the first trading day of the year as traders weighed the prospect of steep interest rate cuts from the Federal Reserve in 2024 and

Dollar starts 2024 steady, focus switches to data
Economy

For investors, 2024 is year of transition to a new economic order

Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them.

For investors, 2024 is year of transition to a new economic order
Economy

Explainer: Charting the Fed's economic data flow

Federal Reserve officials project the U.S. central bank will cut its benchmark overnight interest rate during 2024, but the timing and pace of the reductions in borrowing costs will depend

Explainer: Charting the Fed's economic data flow
Business|News

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts

The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts
Economy

At December meeting, some Fed officials mulled end to balance sheet cuts

By Michael S.

At December meeting, some Fed officials mulled end to balance sheet cuts
Economy

Wall St notches second lower finish as 2024 starts with profit-taking

U.S. stock indexes ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal

Wall St notches second lower finish as 2024 starts with profit-taking
Business

Dollar rebounds as traders rethink Fed rate cut expectations

The dollar edged higher on Thursday as investors reassessed their expectations of the scale of rate cuts by the Federal Reserve this year, with an air of caution

Dollar rebounds as traders rethink Fed rate cut expectations
Economy

Weekly US jobless claims fall to two-month low; labor market steadily cooling

The number of Americans filing new claims for jobless benefits dropped to a two-month low last week, pointing to underlying labor market strength even as

Weekly US jobless claims fall to two-month low; labor market steadily cooling
Business|Economy

Wall Street's hopes for rate cuts may be too optimistic, like they've been so many times before

Even when everyone agrees the interest-rate cuts that Wall Street craves so much are coming, there’s still room for potential disappointment

Wall Street's hopes for rate cuts may be too optimistic, like they've been so many times before
Economy

Wall Street banks push back expected end of Fed balance sheet drawdown

By Michael S.

Wall Street banks push back expected end of Fed balance sheet drawdown
Economy

US economy cranks out jobs at brisk clip in December; wages increase

U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the

US economy cranks out jobs at brisk clip in December; wages increase
Business|Economy|News|World

Stock market today: Wall Street shaves off some losses to close its worst week in the last 10

Wall Street ended a listless day with slight gains after reports showed workers are getting bigger raises, but also that key parts of the economy still don’t look like they’re overheating

Stock market today: Wall Street shaves off some losses to close its worst week in the last 10
Economy

Marketmind: Fed fizz goes a bit flat

A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve is now wary of a sudden fracture in the U.S. labor market, it won't be unduly alarmed by what it's seen of

Marketmind: Fed fizz goes a bit flat
Business

Investors flee to US money market funds on caution as rate cut optimism cools

U.S. investors reduced holdings in equity funds, shifting to money market funds amid caution before key payroll reports, as a stock market rally eased and they awaited further evidence to

Investors flee to US money market funds on caution as rate cut optimism cools
Economy

Traders pare bets on March start to Fed rate cuts after strong jobs data

Traders on Friday tempered expectations for the Federal Reserve to start cutting interest rates in March after the U.S. government's monthly labor market report showed employers added more

Traders pare bets on March start to Fed rate cuts after strong jobs data
Economy

Healthy US December payrolls puts March Fed pivot in doubt

U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would

Healthy US December payrolls puts March Fed pivot in doubt
Economy

US service sector slows in December as employment plummets - ISM survey

The U.S. services sector slowed considerably in December, with a measure of employment dropping to the lowest level in nearly 3-1/2 years, a survey showed on Friday.

US service sector slows in December as employment plummets - ISM survey
Economy

NY Fed says global supply chain pressures eased in December

By Michael S.

NY Fed says global supply chain pressures eased in December
Economy

An end to quantitative tightening could support bonds, though timing is tricky

A potential ending to the Federal Reserve’s balance sheet reduction measures this year bolsters the case for Treasuries to extend their 2023 rally, investors

An end to quantitative tightening could support bonds, though timing is tricky

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