Sen. Elizabeth Warren (D-MA) is demanding the Federal Reserve cut the federal funds rate during its policy meeting this week. Warren, joined by Sens. Jacky Rosen (D-NV) and John Hickenlooper (D-CO), wrote a letter to Federal Reserve Chairman Jerome Powell stating a...
The European Central Bank (ECB) has announced its first interest rate cut in nearly five years, whittling down its key rate to 3.75% from the record high 4.0% level reached last September. “Based on an updated assessment of the inflation outlook, the dynamics of...
One-third (32%) of Canadians are predicting that the Bank of Canada will begin to cut interest rates next week, while 42% are believe no cuts will be forthcoming. According to a survey of 1,500 Canadians conducted by Dye & Durham, two-thirds (65%) of Canadians...
European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
Federal Reserve Chairman Jerome Powell poured more cold water on the hope that the central bank will start cutting rates sooner than later. According to combined media reports, Powell told a moderated discussion at the Foreign Bankers’ Association in Amsterdam that...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
