Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.Marketsread 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
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
Going live at this time would help Amazon tap into Black Friday demand. Black Friday, the day after the U.S. Thanksgiving holiday, was so named because spending would surge and retailers would traditionally begin to turn a profit for the year, moving from the red into the black. It falls on Nov. 24 this year.
"There's a trial starting tomorrow at 2:00 p.m. (0300 GMT), and (Amazon) is saying that you need to be prepared to receive orders from that point on," Adam Mills, founder of child internet monitor provider KoalaSafe, told Reuters by telephone on Wednesday.
An Amazon spokesperson in Australia was not immediately available for comment.
Since Amazon confirmed plans to open in Australia in April, the U.S. company has declined to say when it would begin taking orders. The company said on Nov. 13 it was close to opening for business, without giving a date.
On Wednesday, technology website Lifehacker Australia published what it said was a screenshot of an email from Amazon to some Australian retailers registered to sell goods over its website, saying it would "start an internal testing phase with a small number of customers on Thursday 23 November".
"You should be prepared to receive orders from this point onward," added the email, which KoalaSafe's Mills said he had received and was authentic.
Australians can already buy Amazon products from offshore, but having a local delivery network cuts sometimes sizable international shipping costs, adding to pressure on retailers already struggling with the overheads that come from maintaining shopfronts and employing checkout staff.