Fed Cuts Interest Rates by 50 Basis Points: Global Markets Respond
The Federal Reserve’s unprecedented 50 basis point rate cut marks a pivotal shift, influencing the U.S. and global economies in diverse ways.
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Fed Slashes Rates by 50 Basis Points Amid Cooling Inflation
Breaking: The U.S. Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, signaling a shift to easing amid cooling inflation and a stabilizing labor market.
Fed Chair Powell Signals Possible Rate Cut as Inflation Eases
Federal Reserve Chair Jerome Powell addresses the Jackson Hole symposium, hinting at a potential interest rate cut in September as inflation approaches the Fed’s target.
China’s Loan Prime Rate Holds Steady in August
China’s one-year and over-five-year loan prime rates remained unchanged in August, maintaining 3.35% and 3.85% respectively, signaling market stability.
Fed Holds Interest Rates Steady, Signals Possible Cuts to Combat Inflation
The U.S. Federal Reserve maintains current interest rates but hints at possible cuts by September to tackle ongoing inflation.
Fed Signals September Rate Cut Amid Rising Real Interest Rates
The Federal Reserve is expected to cut interest rates in September 2024 amidst rising real interest rates, with up to three more cuts predicted by year’s end as part of a controlled policy normalization.
China’s Top Banks Reduce RMB Deposit Rates: Latest Changes Explained
Six of China’s largest commercial banks have lowered RMB deposit rates, marking a significant shift in the country’s banking landscape.
Fed Maintains High Rates, Straining Global Economies
The Fed’s decision to keep interest rates high continues to strain the global economy, weakening currencies and increasing debt burdens in emerging markets.
ECB Holds Steady: Interest Rates Remain at Record High
The European Central Bank has kept key interest rates steady at record highs, maintaining the main refinancing operations at 4.50%, marginal lending at 4.75%, and deposit at 4.00%.
Bank of Japan Ends 17-Year Negative Rate Policy with First Interest Rate Hike
The Bank of Japan has ended its 17-year negative interest rate policy and implemented its first rate hike, signaling a shift away from prolonged monetary easing to achieve stable inflation.