Federal Reserve takes a pause, keeps interest rates unchanged

Federal Reserve takes a pause, keeps interest rates unchanged

The US Federal Reserve kept its key interest rate unchanged on Wednesday, pausing its recent easing cycle as it navigates economic uncertainty and rising political pressure. This marks the central bank’s first... Read more »
Fed Governor Bowman says December interest rate cut should be the last

Fed Governor Bowman says December interest rate cut should be the last

Michelle Bowman, governor of the U.S. Federal Reserve, speaks during the Exchequer Club meeting in Washington, D.C., on Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Governor Michelle... Read more »
How to rethink cash as Fed cuts interest rates: Top financial advisors

How to rethink cash as Fed cuts interest rates: Top financial advisors

The U.S. Federal Reserve cut interest rates in September, the first in a string of cuts expected at least into 2025. Earnings on cash are expected to decline as a result —... Read more »
Bank of Russia may hold key interest rate steady amid signs of economic slowdown

Bank of Russia may hold key interest rate steady amid signs of economic slowdown

The Bank of Russia is expected to maintain its key interest rate at 18% during its upcoming meeting on Friday, as recent economic data suggests a potential slowdown in inflation and retail... Read more »
New high yield funds are hitting the market as Fed prepares to cut interest rates

New high yield funds are hitting the market as Fed prepares to cut interest rates

With a Federal Reserve rate cut looming, investors might have to look to riskier parts of the bond market to keep their income levels steady. Columbia Threadneedle is one of the firms... Read more »
Bank of Japan’s Interest Rate Moves and the Record Price of Gold

Bank of Japan’s Interest Rate Moves and the Record Price of Gold

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. I realise I’ve... Read more »
Biden’s student loan forgiveness plan could erase up to ,000 in interest

Biden’s student loan forgiveness plan could erase up to $20,000 in interest

U.S. President Joe Biden waves as he departs for Baltimore from the White House in Washington, U.S., April 5, 2024.  Kevin Lamarque | Reuters Interest provision may erase up to $20,000 per... Read more »
What to Know Filing 2023 Taxes: Interest Income, Roth IRA Limits, Direct File

What to Know Filing 2023 Taxes: Interest Income, Roth IRA Limits, Direct File

Americans who enjoyed capital gains from a rallying stock market or interest from high-yield savings accounts in 2023 may have a few surprises waiting for them in their tax bill. That’s emerging... Read more »
FOMC meet preview: US Fed likely to cut interest rates in June

FOMC meet preview: US Fed likely to cut interest rates in June

The U.S. economy’s robust growth, employment, and inflation figures have left little room for the Federal Reserve to consider immediate rate cuts. Despite this, Federal Reserve Chair Jerome Powell suggested the policy... Read more »
Interest Rate Rises Have Lingering Effect on UK House Prices

Interest Rate Rises Have Lingering Effect on UK House Prices

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. A quick programming... Read more »
Will US Fed cut interest rates in 2024? Investors eye FOMC meet minutes today

Will US Fed cut interest rates in 2024? Investors eye FOMC meet minutes today

Scheduled for release on Wednesday, February 21 at 2:00 PM ET, the US FOMC meet minutes hold potential significance for understanding recent trends in Federal Reserve policy, particularly regarding interest rates. Will... Read more »
Credit Fund That Beat Canada’s Market Is Gearing Up for Interest Rate Cuts

Credit Fund That Beat Canada’s Market Is Gearing Up for Interest Rate Cuts

A Toronto-based hedge fund that outperformed the Canadian corporate bond market three years in a row is buying up longer-term notes in anticipation that the Bank of Canada will soon make its... Read more »
Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook

Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook

Wall Street’s biggest AI darling is about to report earnings next week, and the results may show whether the mega-cap fueled market rally is justified as investors deliberate the path forward for... Read more »
How interest rates have changed over the last 12 months

How interest rates have changed over the last 12 months

Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors... Read more »
BlackRock's Boivin Sees 2, 3 Interest Rate Cuts From the Fed in 2024

BlackRock's Boivin Sees 2, 3 Interest Rate Cuts From the Fed in 2024

Jean Boivin, head of BlackRock Investment Institute, discusses the prospects for Japanese stocks and Bank of Japan policy. Boivin, who previously served as deputy governor of the Bank of Canada and associate... Read more »