US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
U.S. bank stocks rose on Thursday, a day after the Federal Reserve cut interest rates by 50 basis points, which is expected ...
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a ...
Bank Of England Holds Rate Steady After Jumbo US Cut
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
US funding rate spike could signal 'quirk' in its calculation, says Deutsche Bank
A recent jump in a key U.S. overnight funding rate could be the result of a peculiarity in the way it is calculated, rather ...
Opinion | A Fear of Dissent Haunts the Federal Reserve
T his week’s Federal Open Market Committee meeting is notable for two things. America’s central bank is shifting into ...
US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell
This is the first time in over four years that the US Federal Reserve has cut interest rates. Today’s rate cut starts a cycle ...
US Bank Stocks Rise as Jumbo Rate Cut Eases Default Risk, Cost Concerns
Citigroup led gains in large-cap bank stocks with a 1.8% rise before the bell, followed closely by Bank of America and Wells ...
US economists send Fed warning on price increases ahead of anticipated rate decision: ‘Be cautious’
Two prominent economists warn that the Federal Reserve reversing course now would be a "disaster" for markets and the greater ...