The Federal Reserve cut interest rates by a quarter of a percentage point, its first reduction in nine months, prompted by signs of a weakening job market despite persistent inflation above the 2% target.
In this video, Ira Epstein discusses the Federal Reserve's recent decision to cut interest rates by a quarter point and the implications for the metal markets.
The Federal Reserve cut interest rates for the first time in 2025, which could impact mortgage rates, bond yields, and boost crypto. The move will ripple across consumer finances, affecting mortgages, credit cards, student loans, auto loans, and savings accounts.
Benchmark Brent crude prices fell 0.5% to $67.56 per barrel, while U.S. West Texas Intermediate prices also declined 40 cents to $63.64 per barrel at 3.42 a.m. ET.
The report also said the company has pledged to invest 1.5 billion pounds in the U.K. by 2030 to build on its existing work across health, policing, defense and other sectors.
The relatively resilient growth in the rest of the world versus the U.S. and the Fed easing could make for an “active risk-on” environment, fueling gains in both risk and rate-sensitive currencies, which are cheap, a strategist said.
Investor Martin Shkreli, popularly known as "Pharma Bro," pushed back against criticism on this recent short position on iBuying platform Opendoor Technologies Inc. (NASDAQ: OPEN), which is rallying amid the Federal Reserve's rate cuts on Wednesday.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Addus HomeCare (NASDAQ:ADUS) and the best and worst performers in the senior health, home health & hospice industry.
The FOMC voted 11-1 to cut the federal funds rate by a quarter percent, setting the interest rate between 4 and 4.25 percent. The committee projected two more cuts before the end of the year.
