You Searched For "basis points" and got 17 results
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2 mins read
Fed trims interest rates by 50 basis points, gold prices touch record-high
Per chairman Jerome Powell, the decision was taken in light of easing inflationary pressures in the…
2 mins read
The Fed's 50 basis point rate cut won't do anything to stop a recession, economist David Rosenberg says
"The best thing I ever did was to follow my instincts and judgement and not waver or throw the towe…
Matthew Fox
2 mins read
Dow soars 1,300 points, yields surge as decisive Donald Trump win reverberates through markets
Trump's victory set off a wide-ranging rally across markets Wednesday morning , with the decisive o…
Jennifer Sor
2 mins read
Fitch expects RBI to cut interest rates by 75 basis points in FY25
The Indian central bank is expected to cut interest rates to the tune of 75 basis points in FY25, b…
2 mins read
Stock market today: Dow jumps 337 points to fresh record as US stocks rise on solid earnings
The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according…
Jennifer Sor
3 mins read
As Fed resumes rate hike, market watchers say RBI policy unlikely to be affected
The United States Federal Reserve raised its benchmark interest rate by 25 basis points on Wednesda…
3 mins read
These 3 indicators are pointing to a healthy labor market similar to the pre-pandemic boom, according to Goldman Sachs
Investors shouldn't be anxious about the labor market preventing a soft landing, says Goldman's Jos…
Christine Ji
2 mins read
Stock market today: Dow surges 462 points as stocks rally after jumbo Fed rate cut
Indexes rose Thursday as investors digested Wednesday's jumbo rate cut from the Fed and a fall in w…
Kelly Cloonan
3 mins read
RBI’s Monetary Policy Committee keeps repo rate unchanged at 6.5%, for now
The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the policy repo rate unchanged at …
2 mins read
Stock market today: Dow jumps 484 points as US stocks rebound ahead of key inflation report
The August CPI report set to be released on Wednesday could influence whether the Fed cuts rates by…
Matthew Fox
2 mins read
Stock market today: Dow soars 555 points as strong economic data calms recession worries
Indexes rose Thursday as investors reacted to a surprisingly strong increase in retail sales and lo…
Kelly Cloonan
2 mins read
Stock market today: Dow soars 654 points as traders celebrate inflation data
Stocks snapped a three-day streak of losses after June's inflation data came in line with expectati…
Filip De Mott
2 mins read
Stock market today: Dow rises 462 points as stocks rally after Powell says rate cuts are coming
"The Powell pivot is here, as the Fed has now firmly turned dovish," Carson Group strategist Ryan D…
Matthew Fox
2 mins read
Dow crashes 1,000 points and the Nasdaq loses 3% as recession fears fuel market panic
A surprise interest rate hike from the Bank of Japan last week sparked a series of margin calls tha…
Matthew Fox
2 mins read
Dow plunges more than 1,000 points as global stock rout deepens on recession fear
Losses accelerated on Monday after Japan's stock market experienced its worst decline since the Bla…
Matthew Fox
1 min read
Stock market today: Dow falls 533 points as tech rout spreads to the broader market
A pullback from mega-cap tech stocks broadened out into a larger market rout on Thursday.
Filip De Mott
2 mins read
Stock market today: Dow jumps 285 points as traders try to extend comeback from big sell-off
The Bank of Japan suggested on Wednesday it would pause rate hikes in the near-term, bolstering inv…