Tag: Federal Reserve

• Thursday, August 1st 2019 - 09:13 UTC

  Brazil's central bank cuts main interest rate to 6%, confident of “reforms' process”

  

  Brazil's central bank slashed interest rates to a record low on Wednesday in response to the worsening outlook for Latin America's biggest economy. The bank cut its main rate to 6% from the previous historic low of 6.5%, which had been unchanged since March 2018.

• Thursday, July 4th 2019 - 17:54 UTC

  Wall Street fresh records on expectations of a FED interest rate cut

  

  Optimistic investors drove Wall Street to fresh record highs amid strong expectations of an impending US interest rate cut. The Dow Jones index lifted by 179 points, 0.7 per cent, to 26,966. The broader S&P 500 posted its third consecutive record high, up 0.8 per cent, while the tech-heavy Nasdaq rose 0.75 per cent.

• Thursday, June 20th 2019 - 09:00 UTC

  Divided Fed says no rates changes until 2020; criticism from Trump expected

  

  A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold.

• Thursday, June 20th 2019 - 08:50 UTC

  Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

  

  Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.

• Wednesday, June 5th 2019 - 09:41 UTC

  Federal Reserve prepared to cut rates if trade conflicts threaten US economy

  

  Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.

• Tuesday, May 21st 2019 - 09:26 UTC

  Corporate debts pose a “moderate” risk to US economy, says the Fed

  

  The United States private sector's mounting debts pose a “moderate” risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said on Monday.

• Tuesday, May 7th 2019 - 09:15 UTC

  US Federal Reserve warns about stock prices and high corporate debt loads

  

  The US central bank warned on Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump's trade wars.

• Friday, May 3rd 2019 - 11:46 UTC

  Latin American currencies softened against a strong US dollar following the Fed's two days meeting

  

  Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with their global peers.

• Friday, May 3rd 2019 - 08:40 UTC

  Fed leaves interest rates unchanged despite strong pressure from Trump for a cut

  

  The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%.

• Wednesday, May 1st 2019 - 02:34 UTC

  Trump again puts pressure on the Federal Reserve for raising interest rates

  

  President Donald Trump slammed the Federal Reserve on Tuesday for “incessantly” raising interest rates and said cutting rates by a full point would make the economy surge.