S&P 500 closes at record high after Fed makes jumbo cut to US interest rates
Before Wednesday’s cut, US rates had been at their highest since 2001 as the Fed sought to bring down inflation from the biggest surge in a generation. But with consumer price inflation now at 2.5 per cent, close to the Fed’s 2 per cent target, the central bank has signalled more reductions to come.
It will influence mortgages, credit card and saving rates for millions of people in the US - and even around the world.
Indian shares are set to open higher on Friday, as an outsized interest rate reduction by the U.S. Federal Reserve and the ...
11hon MSN
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The ...
Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week ...
See the latest personal loan and debt consolidation loan interest rates. Learn if today is the right time to get a loan based ...
9hon MSN
Biden clearly linked the aftermath of the pandemic – with shipping lanes clogged, goods scarce and people shut in and working ...
Consumers holding off on big financial moves until interest rates fall may be waiting for some time to come, experts say. ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback