Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided with three officials voting against the Fed's quarter point cut to the fed funds target rate range.Market Insiderread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared to the 25 basis point reduction for the benchmark funds rate.The Fedread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
Gold edged lower on Wednesday but held about the key $1,500 per ounce level after the U.S. Federal Reserve decided to cut interest rates.Futures & Commoditiesread more
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Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Investors tiptoed back into emerging market stocks last week as the recovery in the asset class looks set to continue — slowly — as the U.S. dollar's continued strength is increasingly in question.
Actively managed emerging market equity funds saw their first net inflows in 11 weeks, while passive funds saw their first inflows in four weeks, according to data from EPFR Global. Emerging market assets include stocks of companies in countries such as China, Brazil, Russia and India.
"There's been some inflow but it hasn't been that big," said Ilya Feygin, managing director and senior strategist at WallachBeth Capital.
"If you're right on the dollar you have a very good shot on being right on the general broad emerging market," he said. Feygin expects the greenback to stay under pressure and emerging markets could see better returns than developed markets this year given relative attractiveness.