The US Federal Reserve on Wednesday cut its policy rate by 25 basis points, the third consecutive reduction.The policy rate, which was widely expected to signal a deliberate pivot toward easier policy as officials weigh slower labor market momentum and persistent but moderating inflation.The decision brings the federal funds rate…
The Federal Reserve’s December projections paint a surprisingly optimistic picture.After delivering a quarter-point rate cut, the US Fed forecasted that the American economy will showcase resilience, inflation levels will cool around 2% target, but interest rates may stay elevated through 2027.The central tension is stark as the economy is winning…
US stocks surged after the Federal Reserve delivered its third straight quarter-point rate cut on Wednesday, with the Dow Jones jumping over 550 points and the S&P 500 notching another record close.The Fed’s decision to lower rates to a range of 3.5%-3.75% sparked a relief rally even as Chair Jerome…
The USD/CHF exchange rate drifted downwards on Thursday morning as the US dollar index weakened after the Federal Reserve interest rate decision. It dropped to a low of 0.8, its lowest level since November 19 as investors anticipated the upcoming Swiss National Bank (SNB) interest rate decision.SNB interest rate decision…
Vietnam’s National Assembly, on Thursday, took a significant step towards bolstering its nascent domestic rare earth processing sector by approving a revised law. This new legislation imposes stricter controls on the export of refined rare earths while definitively re-stating the long-standing ban on exporting raw rare earth ore. The move is a…
SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market…
JPMorgan Chase is preparing another expansion step in India, setting the stage for a fresh phase of growth in a country that has become a priority for global financial institutions. As per a Bloomberg report, the bank is moving ahead with plans for a new branch in Pune, marking its…
Mexico’s decision to sharply increase import tariffs next year has placed new pressure on India’s major automobile exporters, reshaping trade expectations in one of their most important overseas markets. According to a Reuters exclusive, the tariff change, approved by President Claudia Sheinbaum’s government, applies to hundreds of items from countries…
Argentina’s November inflation data reflect a familiar tension between rising food prices and the effects of an aggressive austerity program, according to a recent Reuters survey of experts.While higher beef prices likely pushed monthly inflation slightly higher, the annual rate is expected to drop to its lowest level in seven…
GameStop (NYSE: GME) – the poster child of meme stock mania – is struggling to reinvent itself.On Wednesday, the gaming merchandise retailer reported an uptick in its quarterly profit, but sales were declining, reinforcing that it continues to struggle in a world dominated by digital downloads and subscription gaming.As hardware…