2 Federal Reserve Officials Oppose an Interest Rate Cut
Digest more
The Hang Seng Index climbed 1 per cent to 26,964.26 as of 10.10am local time, heading for the highest close since October 3. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index advanced 0.3 per cent and the Shanghai Composite Index added 0.4 per cent.
The Federal Reserve is widely expected to cut its policy rate by 25 basis points to 4% on Wednesday, bringing the total easing since September last year to 150 basis points. The CME Fed funds futures are pricing in near certainty that the Fed will cut ...
Adjustable-rate loans tend to move in lockstep with decisions by the Federal Reserve. Prominent financial-industry leaders are speaking out about the importance of the Federal Reserve’s freedom from political interference, even as President Donald Trump demands lower interest rates.
Asia stocks trade mostly higher on Wednesday, tracking gains made overnight by major U.S. indexes, where optimism surrounding artificial intelligence (AI) continued to fuel sentiment, and intense focus on the upcoming U.S. Federal Reserve policy decision.
This means that the Fed may be forced to cut key interest rates if both ADP and the Labor Department report poor payroll data. The federal government shutdown likely hindered private sector job growth due to the fact that furloughed federal workers were likely being cautious.
Curvo shows that Bitcoin has returned 69.5% while the S&P 500 gained just 10.1%—a trend also evident in previous cycles, suggesting Bitcoin could outperform the S&P 500 if current conditions persist. Korean investors appear to be leading the accumulation trend, as reflected in the Korean Premium Index, which points to renewed buying activity.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.05 during the early European trading hours on Wednesday. The WTI recovers some lost ground amid a larger-than-expected crude oil draw and expectation of a US rate cut.
One glimmer of optimism across the altcoin market was TRUMP, the memecoin backed by the U.S. president, which rose by 6.8% after reports emerged that Fight Fight Fight, the company managing the token, is planning to acquire U.S. fundraising platform Republic.
Feedback