Fed Announces Big Rate Cut
We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.
The Fed Just Cut Interest Rates. It May Signal a Big Move in the Stock Market.
The federal funds rate is a benchmark that influences other interest rates throughout the economy. The Federal Reserve doesn't control the federal funds rate directly. Instead, it uses various monetary policy tools to steer the benchmark toward a target range, which is currently 4.75% to 5%.
Fed goes with half-point interest rate cut. What that means.
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.
Oil ends more than 1% higher on US rate cut, declining crude stockpiles
Oil prices extended their recent recovery rally and rose more than 1% on Thursday as a large cut in U.S. interest rates and declining global stockpiles helped offset some of the demand concerns arising from weak consumption in China.
What Does the Rate Cut Mean for Me?
The Fed’s rate cut will touch every corner of our financial lives, from the cost of borrowing money to buy a home or car to how much cash earns in the bank. How quickly the effects reach your wallet w
A Fed rate cut with the stock market at a record high? Here’s what history says.
Oil prices rise after US interest rate cut
Oil prices rose more than 1% on Thursday after a large interest rate cut from the U.S. Federal Reserve, helping Brent to recover from below $69 last week - its lowest all year - to above $74. Brent crude futures were up 90 cents,
Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates
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In Malaysia, Universiti Malaya remains the nation’s top flagbearer in carrying the honour of national pride and being the cornerstone of the country’s academic excellence.