Fed's Dec. rate cut looks increasingly like a toss-up
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By Anmol Choubey (Reuters) -Gold prices reversed earlier gains on Friday as hawkish comments from U.S. Federal Reserve officials clouded prospects for a December rate cut, although they remained set for a weekly gain supported by wider economic uncertainty.
A divided Fed faces tough choices ahead of its December meeting—cut rates to support jobs or hold firm to fight stubborn inflation.
Home equity loan rates are dropping. Here's how much a $20,000 home equity loan will cost borrowers monthly now.
The Canadian dollar weakened against its U.S. counterpart on Thursday as rising doubts about the Federal Reserve cutting interest rates further next month contributed to increased risk aversion.
Asian stocks stumbled after four consecutive days of gains as uncertainty over Federal Reserve interest-rate cuts and stretched technology valuations weighed on sentiment.
(Reuters) -Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's resilience, and said he was undecided on what to do for the Fed's meeting next month.
The Fed continues to navigate a challenging backdrop: a steadily cooling labor market alongside inflation that remains stubbornly above its long-run target.
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US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street.