With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?There are typically two different approaches the central bank takes to lowering borrowing costs: Either a measured pace that reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in an often-doomed effort to ...

WASHINGTON (Reuters) -U.S. single-family homebuilding and permits for future construction dropped in August amid a glut of unsold new houses and a softening labor market, shrugging off falling mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, fell 7.0% to a seasonally adjusted annual rate of 890,000 units last month, the Commerce Department's Census Bureau said on Wednesday. Permits for future single-family homebuilding decreased 2.2% to a rate of 856,000 units. Th ...

The cut was already priced in by investors, according to data compiled by LSEG.The Nasdaq and the S&P 500 closed lower in choppy trading on Wednesday, after the Fed cut interest rates by an expected 25 basis points and Powell cited the weak job market. The Dow closed higher after meandering during Powell's speech."We fully understand and appreciate that we need to remain fully committed to restoring 2% inflation on a sustained basis. And we will do that. At the same time, we've got to weigh the risk to the ...

LIVE Markets Stall Ahead of Fed Rate Decision Last Updated: 27 min ago Investors All But Certain of Fed Quarter-Point Rate Cut By George Glover It's Federal Reserve decision day, and investors are all but certain that they've figured out the central bank's next move. Traders pricing in a 94% chance of a quarter-point interest-rate cut, according to the CME FedWatch tool. The odds of an outsized half-point cut stand at 6%. The consensus on Wall Street is that policymakers will lower borrowing costs to suppor ...

Larry Ellison, Elon Musk and Mark Zuckerberg: add up the net worth of the world’s three richest people, by Bloomberg or Forbes’ calculations, and you have roughly $1 trillion. That’s about equal to the market capitalization of Berkshire Hathaway, whose CEO Warren Buffett manages to get by with a mere $148 billion to his name. If the Federal Reserve cuts rates today, as expected, Buffett’s fundamentals-minded conglomerate is likely to face pressures distinct from the vanguard tech companies behind the weal ...

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) - The Bank of Canada reduced its key policy rate to a three-year low of 2.5% on Wednesday, the first cut in six months, and said it would be ready to cut again if risks to the economy increased in coming months. The 25-basis-point cut reflected a weak jobs market and less concern about underlying pressures on inflation, the bank said. It paused its easing campaign in March after reducing rates by a total of 225 basis points in nine months, startin ...

市场指数表现 - 美股期货涨跌互现 道指期货涨0.04% 标普500期货跌0.01% 纳斯达克100期货跌0.02% 罗素2000期货涨0.06% [2] - 主要ETF盘前下跌 SPDR标普500ETF(SPY)跌0.012%至659.92美元 Invesco纳斯达克100ETF(QQQ)跌0.027%至591.02美元 [2] - 前日主要指数收跌 道指跌0.27%至45,757.9点 标普500跌0.13%至6,606.76点 纳斯达克综合指数跌0.066%至22,333.96点 罗素2000跌0.087%至2,403.03点 [5][6] 美联储政策预期 - 市场定价显示美联储100%概率降息 10年期国债收益率4.01% 2年期国债收益率3.50% [2] - 专家预期降息25个基点 50个基点降息概率降至2% [8][9] - 点阵图预计年底前还有两次降息 剩余三次会议连续降息概率稳定在70% [10][11] 经济数据表现 - 8月零售销售环比增长0.6%超预期 工业生产增长0.1%超预期 [4] - NAHB/富国银行住房市场指数持稳于32 [4] - 8月新屋开工和建筑许可数据将于美东时间8:30公布 [16] 行业板块动向 - 公用事业、房地产和信息技术板块前日跌幅最大 非必需消费品和能源板块逆势上涨 [3] - 原油期货下跌0.45%至每桶64.23美元 黄金现货跌0.55%至每盎司3,669.70美元 [17] - 亚洲市场涨跌互现 欧洲市场早盘走高 [18] 重点公司动态 - Dave & Buster's第二季度业绩不及预期 [4] - General Mills盘前涨0.4% 预计营收45.1亿美元每股收益0.81美元 [16] - 曼联盘前跌0.12% 预计营收2.258亿美元每股亏损0.06美元 [16] - Cracker Barrel盘前涨0.55% 预计营收8.5529亿美元每股收益0.8美元 [16] - Diversified Energy暴跌6.1% 拟二次发行5,713,353普通股 [16] - New Fortress Energy暴涨54.4% 与波多黎各政府达成长期天然气供应协议 [16] - Scisparc飙升154.35% 法院批准暂停与AutoMax Motors合并程序 [16] - 蔚来汽车ADR涨3.85% 获瑞银从中性上调至买入评级 [16] - Workday大涨5.58% 以11亿美元收购人工智能初创公司Sana [16]

U.S. stock futures were swinging on Wednesday following Tuesday’s negative moves. Futures of major benchmark indices were mixed.President Donald Trump arrived in Britain on Tuesday evening for his second state visit, greeted with royal pageantry and the announcement of a multibillion-dollar U.S. technology investment in the United Kingdom. Investors await the Federal Reserve Open Market Committee’s decision, scheduled to be announced by this afternoon.Meanwhile, the 10-year Treasury bond yielded 4.01% and t ...

In today’s CEO Daily: Diane Brady on the reputation of the Fed. The big story: Trump administration moves against political opponents. The markets: Global markets are mixed; U.S. futures are down. Plus: All the news and watercooler chat from Fortune. Good morning. I remember the days when a raised eyebrow from Ben Bernanke would spark hours of debate over the then Fed chair’s mindset about the state of the economy. His predecessor, Alan Greenspan, bragged about learning to “mumble with great incoheren ...

A look at the day ahead in European and global markets from Rocky Swift After weeks of market gyration and agonising over every speck of U.S. data, the day is finally upon us when the Federal Reserve delivers its appraisal of how much stimulus the world's biggest economy needs to keep humming along. Markets have priced in a near certainty the Fed will cut its key interest rate by a quarter of a percentage point to the 4.00%-4.25% range today. But they also anticipate the U.S. central bank will go further ...