Interest rates
Global stocks see biggest decline in more than a year amid Fed’s tightening move
Global stock markets suffered the worst week in more than a year as the United States’ central bank moved to tighten monetary policies. The FTSE All-World index of developed and emerging market shares lost 4,2% this week, posting the steepest weekly decline since October 2020, Financial Times reported. Among the U.S. major ...
Fed slashes interest rates to 0-0.25%, President Trump praises the emergency action
The Federal Reserve (Fed) on Sunday, March 15, decided to drop interest rates to essentially zero and restart a quantitative easing program from Monday in an emergency move to aid the U.S. economy amid the coronavirus outbreak. Accordingly, Fed will lower the target range for the federal funds rate to 0% ...
Fed cuts interest rate 0.25 points, President Trump says ‘No nuts, no sense, no vision’
The Federal Reserve (Fed) decided to lower interest rates on Wednesday, Sept. 18, to help provide insurance for U.S. economy against ongoing risks, but the cut was small, inciting a sharp rebuke from President Donald Trump. After a two-day policy meeting, the Fed announced it would reduce the benchmark overnight lending ...
President Trump warns China: Trade deal to get much tougher if he’s re-elected
President Donald Trump has warned that “China’s supply chain will crumble and businesses, jobs, and money will be gone” if he keeps the U.S. presidency next year without a trade deal by that time. The new warning comes as U.S. officials and their Chinese counterparts are set to hold another talk ...
President Trump: Fed loves watching US manufacturers struggle with exports
President Donald Trump continued to keep up pressure on the Federal Reserve (Fed), criticizing the central bank for letting U.S. exporters struggle in a climate of high interest rates and a strong dollar. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of ...
Fed cuts interest rates 25 basis points, but President Trump says ‘Powell let us down’
The Federal Reserve (Fed) cut its interest rate for the first time in more than a decade on Wednesday, July 31, but it appears that that didn't satisfy President Donald Trump who wants more aggressive action from the central bank. The Federal Open Market Committee lowered the benchmark rate by 25 ...
US GDP slows down in second quarter, reinforcing rate cut outlook next week
The U.S. economy grew at a slower rate in the second quarter, strengthening the possibility of an interest rate cut as the central bank will meet to set its policies next week. In a report on Friday, July 26, the Commerce Department said U.S. GDP growth slowed to 2.1 percent in ...
President Trump suggests cutting rates before Fed holds policy meeting
President Donald Trump has once again pushed the Federal Reserve (the Fed) to lower interest rates, one week before its Federal Open Market Committee (FOMC) will hold the next policy-setting meeting. In a series of tweets on Monday morning, July 22, President Trump at first repeated his criticism over the central ...
President Trump: US economy would be like a rocket ship if Fed lowered rates
President Donald Trump aimed at the Federal Reserve and criticized it twice on Friday, July 5, saying the U.S. economy would have a chance to rocket if the Federal Reserve were to cut interest rates. Speaking to reporters at the White House on Friday morning, the president hailed the job report, ...
President Trump announces 2 nominees to fill vacancies at Federal Reserve
President Donald Trump announced on Twitter he plans to pick two new nominees to the Federal Reserve Board after his two earlier choices withdrew from consideration. In a couple of tweets late Tuesday, July 2, President Trump said he intends to nominate Christopher Waller—executive vice president and director of research at ...
President Trump delighted as S&P 500 hits record high
The U.S. stock market went up Thursday, June 20, driving a benchmark index to a new record high despite tensions over Iran's attack on a U.S. drone. The S&P 500 rose 27.7 points, or 0.95%, to a record close of 2,954.18, surpassing its previous record set on April 30. Two other key ...
Fed signals rate cut in near future amid President Trump’s criticism
The Federal Reserve (Fed) decided to hold interest rates steady Wednesday, June 19, saying that information it has received since May indicates the labor market remains strong and economic activity is rising at a moderate rate. But the central bank signaled a rate cut is on the way. Fed’s Federal Open ...
Fed likely to leave rates alone but signal readiness to cut
Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely ...
Dow jumps over 500 points amid hopes of Fed rate cut
The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Optimism about a resolution to one of those trade disputes and a rebound in technology ...
Powell says Fed stands ready to respond to trade conflicts
Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration's trade conflicts to protect the U.S. economic expansion if it decides that would be necessary. Powell's comments came at a conference in Chicago on how the central bank can make its interest rate policy ...
Powell says he sees ‘moderate’ risk from corporate debt
Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis. In remarks to a banking conference in Fernandina Beach, Florida, Powell said views about risker corporate ...
Fed seen as sure to leave rates alone despite Trump pressure
The Federal Reserve is all but sure to keep interest rates on hold Wednesday — and for the foreseeable future — even as President Donald Trump keeps up his attacks on the Fed for not cutting rates. The Fed will likely reiterate a message that has reassured consumers and investors since ...
After the fall: How to take advantage of lower rates
So much for those worries about rising interest rates.Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. But some rates began easing early this year after the Fed ...
New Fed forecast for 2019: Slower growth and zero rate hikes
The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and ...
Fed is likely to stay ‘patient’ and project fewer rate hikes
The Federal Reserve is expected to end its latest policy meeting Wednesday by refining its new overarching message that it plans to be "patient" about any further interest rate hikes. The Fed is all but sure to keep its key short-term rate in a range of 2.25 percent to 2.5 percent, ...
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