Pound reaches 30-month high after Bank of England pauses while Fed slashes rates
The U.K. pound is up 0.7% to $1.3307, its highest level against the U.S. dollar since March 2022, as traders react to news that the Bank of England left its main bank rate unchanged at 5%.
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25%, tracking a move by the U.S. Federal Reserve. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.
The Fed's interest-rate cut put Trump even more at odds with the central bank
Donald Trump has argued that the Fed would only cut interest rates close to the election to help his political opponents.
Fed Meeting Today: Central Bank Cuts Interest Rates in Half-Point Move
Follow live coverage of the Federal Reserve's September policy meeting, including the interest-rate decision, summary of economic projections, and Chairman Jerome Powell's news conference today.
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The tech-heavy Nasdaq Composite was leading the other two major U.S. stock-market indexes higher. The Nasdaq was up 467 points, or 2.7%, near 18,043, according to FactSet data. If those gains hold, the Nasdaq would log its best daily gain since it rose 2.
What impact will the Federal Reserve's rate cut have on stocks?
"The markets were crossing their fingers for a larger cut." The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank would lower its benchmark rate from a two-decade high of 5.
European markets set to open higher following Fed cut; Bank of England rate decision in focus
European markets were poised to open higher as investors digested the U.S. Federal Reserve's first interest rate cut in four years.
Stock Market Today: Dow tops 42,000, pushes deeper into record territory after Fed's big rate cut
Surging U.S. index futures have sparked rallies across many bourses. In Asia, the Nikkei 225 jumped 2.1% and Hong Kong's Hang Seng added 2%, while in Europe the FTSE 100 is up 1.2%, helped by its big bevy of global-growth-sensitive commodity plays.
Central bank digital currency momentum growing, study shows
A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with ...
Colombia Government Plans ‘Generational Change’ for Central Bank
Colombia’s government wants to shake up the central bank whose policies it blames for the weak economy by appointing young ...
Bank of England Holds Rates Steady but Signals Gradual Easing
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
Taiwan Central Bank Leaves Key Interest Rates Unchanged
Taiwan’s central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing ...
Azeri Central Bank Considers Dollar Sales as COP29 Drives Demand
Azerbaijan’s central bank said it’s considering the resumption of dollar sales as preparations for UN climate talks in the ...
Turkish central bank keeps rate at 50% for sixth month
Turkey's central bank held its main interest rate steady at 50% for a sixth consecutive month on Thursday as expected, but ...
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, ...
Billionaire investor Ray Dalio warns debt is being devalued as governments pile it up and central banks keep rates artificially low
Ray Dalio says he is worried by the amount of debt held globally, and how central banks are using it, after the Federal ...
South African central bank delivers first rate cut in over four years
South Africa's central bank cut its main interest rate for the first time in more than four years, as it said it saw ...