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The interest rate on the most popular U.S. home loan dropped last week to its lowest level in two years, as markets anticipated that the Federal Reserve would begin cutting interest rates, potentially by as much as half a percentage point, during its meeting on Wednesday. According to the Mortgage Bankers Association (MBA), the average […]
US 30-year mortgage rate falls to two-year low of 6.15% Read More »
Polish President Andrzej Duda might hold talks on Sunday with Donald Trump in the U.S. election battleground state of Pennsylvania, a senior Polish official said on Wednesday, confirming an earlier Reuters report that the two men may meet. Any such meeting would mark a rare instance of a foreign leader appearing alongside a U.S. presidential
Trump, Poland’s Duda may meet in battleground state of Pennsylvania, sources say Read More »
The Federal Reserve is widely anticipated to lower interest rates on Wednesday for the first time in over four years, marking a reversal of its previously restrictive policies aimed at controlling inflation. However, there is still uncertainty over whether policymakers will opt for a half-percentage-point reduction or a smaller cut. Their decision, coming less than
With Fed’s rate cut at hand, debate swirls over how big a move Read More »
The Federal Reserve is set to lower interest rates on Wednesday for the first time in over four years, signaling a shift away from the restrictive policies used to curb inflation. However, there is still ongoing debate regarding the size of the cut. This decision comes just under two months before a hotly contested
Fed decision day: Here’s what to expect from the most important rate call in years Read More »
U.S. stock index futures edged slightly higher on Wednesday as investors awaited a pivotal Federal Reserve decision, which is expected to result in the first interest rate cut since March 2020. By 06:22 ET (10:22 GMT), S&P 500 futures rose by 8 points or 0.1%, Nasdaq 100 futures gained 33 points or 0.2%, and Dow
US stock index futures inch higher with Fed, rate cut on tap Read More »
European stocks advanced on Tuesday, driven by gains in the financial sector, as investors anticipated the beginning of the U.S. Federal Reserve’s monetary easing cycle, which could include a significant interest rate cut. As of 0713 GMT, the pan-European STOXX 600 index rose by 0.6%, reaching 518.16 points. The UK’s FTSE 100 outperformed its European
European shares advance in lead-up to Fed rate decision Read More »
European stocks climbed on Tuesday, while the U.S. dollar remained subdued as investors anticipated the start of an easing cycle by the Federal Reserve. The central bank is widely expected to announce a significant rate cut during its policy decision on Wednesday. Market sentiment has increasingly leaned toward a larger cut, with futures markets now
Global shares rise, dollar pinned lower by Fed rate cut bets Read More »
Stock futures on Wall Street point slightly higher, with markets focused on the scale of a possible interest rate cut at an all-important Federal Reserve policy meeting this week. Meanwhile, Intel (NASDAQ:INTC) shares spike in extended hours trading after the semiconductor firm announces that its contract chipmaking unit has inked a deal to manufacture artificial
Futures higher, Fed in focus, Intel-Amazon AI chip deal – what’s moving markets Read More »
Oil prices edged higher in early Monday trading, driven by expectations of a U.S. interest rate cut this week. However, the gains were tempered by weak economic data from China and ongoing concerns about global demand. Brent crude futures for November rose 3 cents to $71.64 per barrel as of 0402 GMT, while U.S. crude
Oil prices inch up on Fed rate cut outlook Read More »
Bitcoin’s price declined on Monday, reversing its brief weekend rebound, as attention shifted to the upcoming Federal Reserve meeting this week, where the central bank is expected to announce an interest rate cut. Cryptocurrency markets experienced some losses after a second assassination attempt on Republican presidential candidate Donald Trump on Sunday. Trump, who was unharmed,
Bitcoin price today: down to $58k as weekend rebound cools; Fed in focus Read More »