The latest minutes from the Federal Reserve's September meeting suggest policymakers are leaning toward further rate cuts this year. While most officials backed the quarter-point reduction, the discussion reflected growing concern about labour market risks and a more balanced inflation outlook. The tone overall was cautious but pointed to a continued easing bias. Most participants judged it would likely be appropriate to ease policy further over the remainder of 2025. Some participants noted financial conditions suggested policy may not be particularly restrictive. Those participants...
The minutes of the United States Federal Reserve's (Fed) monetary policy meeting on September 16-17 will be released on Wednesday at 6:00 PM GMT. The US central bank decided to cut its benchmark interest rate by 25 basis points (bps) to a range of 4%-4.25% at this meeting, but Fed Governor Stephen Miran preferred to cut the benchmark rate by 50 bps. Jerome Powell and co. decided to cut the benchmark interest rate in September The Federal Open Market Committee (FOMC) decided to cut the interest rate by 25 bps in September, in line with widely anticipated. In the policy statement, the Fed...
Systematic hedge funds have lost money every day since October began, according to a Goldman Sachs client note. These speculators, whose algorithms ride market trends until they peter out and who use market signals rather than views on the economic aspects of the company stocks they trade, have printed negative returns each day since the start of October, the note released late on Monday showed. As of Monday, systematic or quantitative hedge funds were down around 1.8% for the month so far in one of the worst four-day trading returns in almost two years, said Goldman. Losses stemmed from...
Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves could accidentally spark another round of renewed inflationary pressures. Tariffs have been contributing to inflation.I'm worried about non-housing services inflation that's been elevated and stuck there. There are both upside and downside risks to my inflation outlook.If labor market were to slow more than anticipate, could see more disinflation than currently expect. The risks that tariff effects are more...
The so-called "neutral" stance for U.S. interest rates is likely to be closer to where the Federal Reserve has currently set borrowing costs, rather than where the central bank expects it to be in the coming years, according to analysts at Yardeni Research. In a note, the strategists argued that the neutral level -- a theoretical mark which neither helps nor hinders economic activity -- is hovering around 4%, roughly in line with where the Fed has placed rates. Fed officials, on the other hand, have estimated that neutral rate is 3% and have laid out projections to dip down to this level...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...