Fed cuts interest rates, signals it may not need to do more
The Federal Reserve cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness.
Major U.S. banks lower benchmark interest rates following Fed rate cut
Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve.
Qualcomm’s outlook weighed down by Huawei’s smartphone gains in China
Qualcomm Inc’s quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd’s strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6%.
A look back at the Fed’s past rate-cutting cycles
U.S. interest rates have never been as low as they are now at the start of any past Federal Reserve interest rate reduction cycle.
Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank
Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.
Dollar jumps, stocks fall after Fed rate outlook; pound stalls
The dollar index hit a more than 2-year high and stocks tumbled after Federal Reserve Chairman Jerome Powell said Wednesday’s 25-basis-point rate cut was not the same as the beginning of a lengthy easing cycle.
U.S. markets gyrate after Fed cuts rates, stocks fall
Wall Street turned negative after Federal Reserve Chairman Jerome Powell characterized the U.S. central bank’s first rate cut since 2008 as a “mid-cycle adjustment to policy,” suggesting the move was not the start of a lengthy series of rate cuts.
Fed cuts rates, signals it may not need to do more
The Federal Reserve cut interest rates on Wednesday to shore up the economy against risks including global weakness, but the head of the U.S. central bank said he did not view the move as the start of a lengthy series of rate cuts.
Dollar rises after Fed cuts rates, signals move is one-off
The U.S. dollar rose to two-year highs on Wednesday after Federal Reserve Chair Jerome Powell, having made the first cut to interest rates since 2008, signaled the move was not the start of a rate-cutting cycle.
Trump says Fed’s Powell ‘let us down’ on interest rate decision
U.S. President Donald Trump said Federal Reserve Chairman Jerome Powell “let us down” with a quarter-percentage-point interest rate cut on Wednesday, saying the market wanted a signal that a “lengthy and aggressive rate-cutting cycle” was under way.
