|Day's Range||1.7550 - 1.7550|
|52 Week Range||1.4290 - 3.2480|
Whittier Trust CIO Sandip Bhagat says the fed is likely to cut rates at least one more time this year. He sits down with Yahoo Finance's Adam Shapiro, Brian Cheung, and Wells Fargo Securities Head of Macro Strategy Mike Schumacher to discuss.
The Federal Reserve may have voted to lower interest rates this week by a 7 to 3 vote, but what move the central bank makes next is a bit of a mystery especially with some division among ranks. Nick Maroutsos, co-head of global bonds for Janus Henderson Investors, joins Yahoo Finance to discuss what lies ahead.
Yahoo Finance's Alexis Christoforous, Brian Sozzi and Jared Blikre discuss what's moving the markets with PNC Chief Investment Strategist Amanda Agati around Thursday's opening bell.
A recent analysis from Realtor.com shows that the Fall could be the best time to buy a home, as listing prices decline and mortgage rates remain low. George Ratiu, senior economist at Realtor.com, says this time of year is real estate's own "Black Friday."
The Federal Reserve cuts the funds rate by a quarter point. Wilmington Trust Chief Economist Luke Tilley says this is aligned with their expectations, but if the Fed cut by half a point, then they know more than they let out. He joins Yahoo Finance's Akiko Fujita and Adam Shapiro.
Overnight the Federal Reserve tackled a liquidity crunch in the repo market. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Cheung, Krishna Memani, Invesco Vice Chair of Investments and Danielle DiMartino Booth, Quill Intelligence CEO and Chief Strategist discuss.
The Fed 2-day meeting wraps today with an expected rate cut announcement from Jay Powell. Yahoo Finance's Julie Hyman, Adam Shapiro, Krishna Memani, Invesco Vice Chair of Investments and Danielle DiMartino Booth, Quill Intelligence CEO and Chief Strategist discuss.
The Federal Reserve is expected to cut rates again this afternoon. Ethan Harris, head of Global Economics at Bank of America Merrill Lynch joins Yahoo Finance to discuss what the effect of a rate cut on the markets.
Investors are shunning higher-priced, sturdier stocks in favor of those that may have missed out on the love earlier in the year.
The Fed cut its benchmark interest rate 25-basis points as widely expected for the second time since July, as concerns grow about a potential global economic slowdown. The PBOC cut its new one-year benchmark lending rate for the second month in a row on Friday.
Marathon Asset Management CEO Bruce Richards says central banks risk a backlash from the growing universe of negative government bond yields
U.S. Treasury yields fall Friday after a China delegation cut their visit short to the U.S., underlining the potential for trade tensions to flare up again.
U.S. Treasurys trade virtually unchanged Thursday, a day after the Federal Reserve cut interest rates, with divisions among policy makers, casting doubt on the Federal Open Market Committee’s appetite for quantitative easing and further interest-rate reductions.
The leading economic index was flat in August after a big gain in the prior month, the Conference Board said Thursday. The recent performance of the index is consistent with "a slow but still expanding economy," said Ataman Ozyildirim, senior director for economic research at the Conference Board. Strength in housing permits and credit growth offset weakness from manufacturing.
The Organization for Economic Cooperation and Development on Thursday downgraded its assessment of the global economy to the worst growth rate since the financial crisis.
The New York Federal Reserve Thursday morning completed its third repurchasing operation, or repos, in as many days to stem spikes in crucial overnight funding market for financial institutions. The U.S. central bank carried out $75 billion of repos, with the Street submitting bids for $83.875 billion, sources said, providing liquidity for Wall Street dealers by temporarily buying securities. Earlier this week, a surge in the repurchasing rate, used by hedge funds and banks to fund their trading operations, pushed the fed-funds rate close to the top of its targeted range. The incident has stirred worries that the central bank is at risk of losing its grip over its benchmark interest rate. On Wednesday, Federal Reserve Chairman Jerome Powell said at a news conference that the central bank is likely to execute similar auctions and said he doesn't see the recent jump in overnight money-market rates on Monday and Tuesday as a "having implications for the broader economy, or for the economic outlook, nor for the our ability to control rates."
The U.S. current-account deficit, a measure of the nation's debt to other countries, narrowed by 5.9% in the second quarter, the government said Thursday. The current-account deficit narrowed to $128.2 billion from a revised $136.2 billion in the first quarter. The narrowing of the deficit primarily reflected an expanded surplus of primary income, mostly increases in portfolio investments. The current account deficit was equal to 2.4% of GDP in the second quarter, down from 2.6% in the first quarter. This is well below the peak of 6.3% in 2005.
The New York Fed said it would conduct an overnight repurchasing operation for the third time this week at 8:15 a.m. Eastern on Thursday. The U.S. central bank will offer up to $75 billion of repos, temporarily buying securities from Wall Street dealers to inject liquidity into the system. Earlier this week, a surge in the repurchasing rate, used by hedge funds and banks to fund their trading operations, pushed the fed funds rate above its target range. Fed Chairman Jerome Powell said in a Wednesday press conference that the central bank would stand ready to use its current tools to address pressures in money markets.
President Donald Trump accused the central bank and Fed Chair Jerome Powell of having “no guts” for not meting out a more aggressive cut.
U.S. Treasury yields come off their intraday lows on Wednesday after the Federal Reserve’s policy statement highlights the divisions within its policy making committee on the need for additional rate cuts after September.
Treasury yields remained lower after the Federal Reserve cut its benchmark interest rate by a quarter point to a range between 1.75% to 2.00%, as expected. The 10-year Treasury note yield slipped 5.3 basis points to 1.761%, while the 2-year note yield was down 4.9 basis points to 1.688%. Bond prices move in the opposite direction of yields. But three voters on the Federal Open Market Committee dissented against the rate cut. The majority of Fed officials anticipated no further rate cuts this year, with the minority forecasting another reduction.
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook as "favorable," Fed Chair Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. "If the economy does turn down, then a more extensive sequence of rate cuts could be appropriate," Powell said in a news conference after the Fed announced it had lowered its benchmark overnight lending rate by a quarter of a percentage point to a range of 1.75% to 2.00%.
The fed funds rate traded on Tuesday 5 basis points above the upper bound of its target range between 2.00% to 2.25%, according to Federal Reserve data released Wednesday morning. The recent climb in overnight repurchasing rates, used by hedge funds and other leveraged investors to finance their trading operations, has resulted in a knock-on increase in the fed funds rate. Since both are short-term sources of funding, a rise in the overnight repurchasing rate means that borrowers in fed funds have to pay up to attract investors. The fed funds rate pushing above its target range underlines analysts' concerns that the U.S. central bank is having trouble keeping its benchmark interest rate at its desired levels. The Fed launched $75 billion of overnight repos on Wednesday morning, in order to inject liquidity bank into the system and to bring the fed funds rate in line within its preferred range. This is the Fed's second repo operation this week.