According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points (bps) to 3.75%-4.00% in the monetary policy announcement on October 29.
For the entire year, the United States (US) Fed will cut its Funds Rate twice more this year, say 83 of 117 economists, 32 say once.
The bigger risk to the Fed rate policy by the end of this cycle is that it would set rates too low, say 25 of 33 economists.
Despite intensified speculation among economists that the Fed will reduce interest rates in its two upcoming policy meetings, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, extends its two-day recovery move 0.35% higher to near 98.95.
Source: Fxstreet
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key data, a less-than-ideal situation ...
Federal Reserve Governor Christopher Waller said on Thursday he favors another interest rate cut at the U.S. central bank's policy meeting later this month because of worrisome labor market developmen...
Federal Reserve Governor Christopher Waller said on Thursday he's on board with another interest rate cut at the U.S. central bank's policy meeting later this month because of the mixed readings on th...
Fed Chairman Jerome Powell hinted that the central bank may stop shrinking its balance sheet in the coming months. The Fed chairman also indicated that the labor market outlook continues to deteriora...
Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed's next meeting with the economy enjoying stronger-than-expected growth and a recent jump in productivi...
According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points (bps) to 3.75%-4.00% in the monetary policy announcement on October 29. For the entire year, the...
The U.S. dollar rose slightly higher Tuesday, stabilizing after recent banking-induced losses as the prospect of upcoming trade talks between the U.S. and China helped ease some concerns over a renewed trade war. The Dollar Index, which tracks the...
Gold extends its Asian session retracement slide from the vicinity of the all-time peak and touches a fresh daily low, around the $4,331-4,330 region in the last hour. The US Dollar attracts buyers for the third straight day, and turns out to be a...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect...
U.S. President Donald Trump said Monday he expects to reach a "fair trade deal" with Chinese President Xi Jinping and downplayed fears of conflict...