News

Fed rate-cut drumbeat pegs back dollar; Asian stocks take a breather

The U.S. dollar was under pressure on Thursday as traders piled into wagers that the Federal Reserve will resume cutting ...

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 ...

US Treasury Secretary urges Fed to lower interest rate by 0.5% in September

United States Treasury Secretary Scott Bessent says he hopes the Federal Reserve will cut its interest rate by 0.5 percentage ...

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 ...

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 ...

Fed's current monetary policy stance is 'exactly where we want to be,' official says

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent ...

Gold extends rise on Fed rate cut hopes, softer dollar

Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the ...