A big change in the Federal Reserve’s thinking triggered a bloodbath on Wall Street that has spread around the world.
Wall Street sank as the US Federal Reserve says it expects to see fewer rate cuts next year than previously projected.
Donald Trump’s controversial policies set him up for an inevitable clash with old sparring partner Jerome Powell.
Sharemarket investors were initially excited about the president-elect’s return to the White House but Jerome Powell quickly became the party pooper.
Jerome Powell says he will not resign as chairman of the US Federal Reserve should the president-elect ask him to. Trump’s advisers are working on a Plan B.
The Federal Reserve cut interest rates by a quarter of a percentage point while chair Jerome Powell addressed concerns about his future when Donald Trump returns to the White House.
The Australian sharemarket broke successive records on Thursday after the Federal Reserve issued a whopper 0.5 percentage point interest rate cut.
The US Federal Reserve has gone big with its rate cut – exposing the problems facing the Reserve Bank of Australia in its inflation fight.
The Federal Reserve has started its rate-cutting cycle with a bang as it tries to help keep the US out of a recession. That plan could be derailed by November’s election.
America’s central bank has cut US interest rates by half a percentage point. The move amps up the pressure on the Reserve Bank to cut rates in Australia.
With annual inflation easing in the US,financial markets have priced in a 25 basis point cut to the cash rate at the Fed’s next meeting this week – the last before the November presidential election.