The Fed is slicing interest rates! Find out how this will spice up markets and your wallet in Singapore!
As Wall Street buzzes with excitement, the S&P 500 has hit new record highs, a bright beacon in the financial wilderness. Investors are eagerly awaiting a significant announcement from the Federal Reserve—it's the first interest rate cut in over four years! The excitement surrounding this move has investors curious about the impending changes and how they will ripple through the economy and potentially into our wallets. Inflation-fighting measures might just bring economic calm, but experts warn it may take some time before anyone feels the difference.
Imagine this: a slice of cake (a delightful Fed interest rate cut) that's been prepared but may not be ready for consumption just yet. As the Federal Reserve gears up to lower the federal funds rate from its recent peak of 5.25%-5.5%, the financial cake is waiting in the oven. Consumers in Singapore, along with investors, are pondering what this juicy reduction means for them. Lower interest rates could lead to cheaper loans and a more vibrant economy, but let's not forget—they won't feel the effects overnight!
Market pundits are on the edge of their seats debating just how big a bite of the cake the Fed is willing to take. Will we see a modest quarter-point cut, or is a juicy half-point slice on the menu? Speculations swirl as key economic indicators show mixed signals, with the unemployment rate holding its ground at a low 4.2% but inching up recently. Investors’ dreams of a rate cut today are reminiscent of the good old days before 2020, making it feel like a long-awaited reunion in the financial world.
As the clock ticks down to the announcement, both markets and consumers await the Fed’s decision with bated breath. Their move may not only set the tone for the U.S. economy, but it's poised to send ripples all the way to Singapore. Did you know that since the last rate cut, inflation has taken on a life of its own, creating an economic roller coaster for so many? Moreover, interest rate changes can drastically affect everything from mortgage rates to consumer loans, shaping how every consumer spends their hard-earned cash!
Investors await the Federal Reserve's rate cut decision after markets recover from summer challenges.
It will take time for consumers to feel the effects of the inflation-fighting move to be announced today at 2pm ET.
WASHINGTON, Sept 18 (Reuters) - The Federal Reserve on Wednesday will lower interest rates for the first time in more than four years as the U.S. central ...
A cut will bring the federal funds rate down from the 5.25% to 5.5% range it's sat since last July, which is the highest rates have sat since Jan. 2001.
A more aggressive interest rate cut would suggest deeper worries that the job market is buckling under the Fed's continued fight against inflation.
The Federal Reserve is widely expected to announce Wednesday that it is cutting interest rates, the first such move in more than four years.
Wall Street's main indexes opened slightly higher on Wednesday, as the Federal Reserve was widely expected to deliver its first interest rate cut in more ...
The economy continues to send mixed signals. The unemployment rate, at 4.2%, remains historically low — but it has inched up in four of the last five months, a ...
Investors are betting on 50 basis points. Markets have expected a quarter point cut for a while, but reports late last week that the Fed is mulling a half point ...
Wall Street ticked slightly higher as markets awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years.
Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The Federal Reserve is widely expected to lower interest rates at the conclusion of its September policy meeting, but markets are split on the size of the ...
If the Fed cuts interest rates today, borrowers will likely see interest rates ease off their peaks on things like credit cards and auto loans.
Today's Fed interest rate cut marks the start of the central bank's policy shift from restrictive to accommodative – but will it have an impact on US ...
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage ...
The Federal Reserve took the widely expected step Wednesday of announcing its first interest rate cut in years, a move that will have a major impact on the ...
The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.
It will influence mortgages, credit card and saving rates for millions of people in the US - and even around the world.
The bold move carries economic and political risks | Finance & economics.
Investors reacted giddily to the hotly anticipated Federal Reserve decision to lower interest rates by 50 basis points Wednesday, as the central bank opted ...
Equities shift to losses as investors digest the Federal Reserve's first interest rate cut since 2020.
Investors' giddy reaction turned slightly negative to the hotly anticipated Federal Reserve decision to lower interest rates by 50 basis points Wednesday, ...
WASHINGTON: The US Federal Reserve cut its key lending rate by 50 basis points, or half a percentage point, on Wednesday (Sep 18) in its first reduction ...
Sept 18 (Reuters) - The Federal Reserve cut U.S. short-term borrowing costs on Wednesday by a bigger-than-usual half percentage point, a watershed moment ...
This is a Fed that believes they are behind the curve,” Robert Minter, director of ETF Investment Strategy at abrdn, told Fortune via email.
Fed now sees its benchmark rate falling by another half a percentage point by the end of 2024. Read more at straitstimes.com.
It's the first time in four years that the Fed has cut rates - and they've gone beyond the usual 0.25% straight for 0.5%. This US Federal Reserve's latest.
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but ...
WASHINGTON: The US Federal Reserve cut its key lending rate by 50 basis points, or half a percentage point, on Wednesday (Sep 18) in its first reduction ...
As US inflation eases, the central bank is now focused on its other mission: protecting jobs.
Simply sign up to the Capital markets myFT Digest -- delivered directly to your inbox. Investors braced for wild market moves ahead of Wednesday's Federal ...
Has the Fed kicked off rate cuts in time to keep the economy from slowing too fast?
TOKYO: There was mixed reaction across Asian share markets on Thursday (Sep 19) after a bumper interest rate cut by the US Federal Reserve.
The decision by the US Federal Reserve is set to have far-reaching implications beyond America, from influencing monetary policies, financial markets to ...
This rate cut, the first in more than four years, leaves the Federal Funds Rate at a range of 4.75% to 5%. Heading into the Fed's decision, market expectations for the cut ranged between 25 to 50 bps. The Fed's decision reflects their growing confidence ...
The Fed made a significant move interest rate by 50 basis points (bps) in the FOMC September —the first rate cut since March 2020.