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Inflation Report Boosts Prospect of Fed Rate Cut

Dollar extends weakness as anticipation mounts of Fed interest rate cut

The dollar fell for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month, and renewed pressure from President Donald Trump for lower rates added to the sell-off.

USA TODAY · 13d

Did the Fed cut interest rates Wednesday? No, but here's when they might

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

The Wall Street Journal on MSN · 1d

Dollar Falls as Inflation Data Could Increase Fed Rate-Cut Prospects

The dollar fell against a basket of currencies after U.S. inflation data increased the likelihood for a cut to interest rates in September.

Reserve Bank of Australia Cuts Rates

Associated Press News on MSN · 1d

Australia’s central bank cuts interest rate for third time this year to 3.6%

Australia’s central bank has reduced its benchmark interest rate by a quarter percentage point for a third time this year to 3.6%, with inflation tamed and economic growth stalling.

Reuters · 1d

Australia cuts interest rates, signals more to come as inflation slows

Australia's central bank cut interest rates on Tuesday for a third time this year and signaled further policy easing might be needed to meet its inflation and employment goals as the economy lost some momentum.

The Wall Street Journal on MSN · 1d

Reserve Bank of Australia Cuts Rates and Points to Further Easing

The Reserve Bank of Australia delivered its third interest rate cut since the start of the year, responding to evidence that inflation has cooled and new forecasts showing that it is likely to remain contained.

Bessent says interest rates should be 150 to 175 basis points lower

Treasury Secretary Scott Bessent said interest rates are too high by 150 to 175 basis points in an interview with Bloomberg ...

6hon MSN

Trump's call for interest rates to be slashed is 'totally unjustified': Strategist

Garry Evans of BCA Research explains why Trump's desire to slash interest rates is unlikely to come to fruition. He also ...

Mortgage Interest Rates Today: Mortgage Rates Drop to Four-Month Low as Pressure Mounts on Fed

The average rate on 30-year fixed home loans registered 6.63% for the week ending Aug. 7, down from 6.72% last week.

18hon MSN

US stocks rally to records on hopes for cuts to interest rates

The U.S. stock market rallied to records after data suggested inflation across the country was a touch better last month than ...

1hon MSN

Bessent urges Fed to slash rates next month, with ideal goal ‘150, 175 basis points lower’

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...

Bessent Sees 'Very Good Chance' of Jumbo Rate Cut in September

Treasury Secretary Scott Bessent said there is a high possibility the Federal Reserve will cut interest rates by a larger-than-usual 0.5 percentage point next month. Bessent said the Fed could have ...

22hon MSN

Cash held by US companies halved since 2021 amid high interest rates, data shows

By Ateev Bhandari (Reuters) -Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a ...

4hon MSN

Markets have convinced themselves they’ll get a September interest rate cut—now they’re eyeing a double reduction

Treasury Secretary Scott Bessent is pushing for 50bps to offset missed opportunities earlier this summer, but some analysts ...

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