3 months Fed Holds Steady, Big Earnings Afternoon: MSFT, TSLA, META & More Zacks
Microsoft, Meta, IBM and ServiceNow all outperformed earnings estimates, while Tesla came up short.
Microsoft, Meta, IBM and ServiceNow all outperformed earnings estimates, while Tesla came up short.
Jerome H. Powell, the Fed chair, characterized policy settings as still “meaningfully restrictive,” suggesting that interest rates at their current levels were continuing to weigh on the economy and help stamp out remaining price pressures.
Bad news for home buyers: Mortgage rates are largely stuck at 7% for the time being.
The US Dollar traded in a positive fashion after the Fed left its interest rates unchanged, as widely anticipated, and Chief Powell delivered a neutral message at his press conference.
There is so much uncertainty over potential tariffs and fiscal policy that “keeping things steady looks like the prudent move,” one economist said.
The Fed delivered on investor expectations and paused rate cuts for the first time in three meetings.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump’s inauguration.
The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.
President Trump has said he will “demand” lower interest rates, raising questions about his ability to influence the Federal Reserve.
The Canadian Dollar shed one-quarter of one percent against the Greenback on Wednesday, falling back after the Bank of Canada (BoC) slashed another 25 bps from interest rates, bringing the BoC’s main reference rate down to 3.0%.
President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday.It is likely to be a quiet start to an eventful year for t…
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Yields on U.S. government debt finished slightly higher on Wednesday after the Federal Reserve said inflation remains “somewhat elevated” and left interest rates unchanged.
Wall Street is banking on two interest rate cuts in 2025.
President Donald Trump, in a video address to the World Economic Forum in Davos, Switzerland, supported lower interest rates.
An expected decision this week by the Federal Reserve to keep interest rates steady will help bottom lines in the banking sector, at least in the short term, Moody’s Ratings analysts said.
Durable Goods Orders Decreased More Than Expected
Pre-market futures are mixed, with the Dow -14 points, the S&P 500 and Nasdaq +19 and +96 points, respectively, and the small-cap Russell 2000 -0.6 points.
In a parliamentary speech on Tuesday, New Zealand (NZ) Prime Minister (PM) Christopher Luxon said that his government will bring a relentless focus on unleashing growth to lift incomes, strengthen local businesses, and create opportunity in 2025.” He f…
Swiss National Bank (SNB) Chairman Martin Schlegel said on Monday that while the central bank does not favor negative interest rates, it cannot completely rule them out, per Reuters.
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There is more room for the Bank of England to loosen monetary policy than the market expects
Ahead of this week’s Federal Reserve meeting, President Trump says rates are too high.
Net selling highlights how rising interest rates in Japan are reshaping global markets
Americans are spending more on credit cards and carrying bigger balances month to month, with interest rates hovering near record highs.
What can — and can’t — the president force the Fed to do?
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