The Federal Reserve enacted its first rate cut since December with a quarter-percentage point lowering the target range for the federal funds rate to 4% to 4.25%. The vote by the central bank’s Federal Open Market Committee was nearly unanimous. The only dissent was...
The European Central Bank (ECB) announced its fifth rate cut since June with the lowering of three interest rates by 25 basis points. The rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.75%, 2.90%...
The Federal Reserve enacted its second consecutive rate cut, with a 25-basis point drop that brings the federal funds rate range to 4.5% to 4.75%. The unanimous decision by the central bank’s Federal Open Market Committee follows the September decision for a 50-basis...
The Bank of Canada reduced its main interest rate by 25 basis points to 4.75%, the central bank’s first rate cut in four years and the first rate cut this year enacted by a G7 nation. “With further and more sustained evidence underlying inflation is easing,...
California Shuts Down Nano Banc; FDIC Estimates $114 Million Loss
