News

Fed's Goolsbee is concerned about inflation, not jobs, hinting at high bar for rate cut

Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a ...

World equities hit record highs, US yields fall on optimism for Fed rate cut

An index of global equity markets rose to a record high for the second straight session on Wednesday, partly underpinned by ...

Home equity rates dip as hopes of a Fed September slash strengthen

This uncertainty introduces interest rate risk, especially for HELOCs with variable rates, meaning borrowing costs could ...

As the Fed cuts rates, flows from money market funds will broaden the rally: Citadel strategist

Scott Rubner, a former Goldman Sachs tactical strategist now at Citadel Securities, remains upbeat on stocks through to Labor ...

Dollar in doldrums as Fed rate-cut bets build; bitcoin soars to record high

The dollar languished near multi-week lows against the euro and sterling on Thursday as traders ramped up bets for the ...

Bessent urges Fed to slash rates next month, with ideal goal ‘150, 175 basis points lower’

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...

Stock market today: Dow pops, S&P 500 and Nasdaq waver as Fed rate cut bets surge

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following ...

Gold futures edge higher on U.S. interest rate cut optimism as Bessent weighs in

Gold futures posted modest gains on heightened expectations of a Federal Reserve interest rate cut after mild July inflation ...