News
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Weak Jobs Force Rate Cut? Fed Cuts 25bps as Powell Signals Start of Easing Cycle
TradingKey - On September 17 (local time), the Federal Reserve announced a 25-basis-point cut to the federal funds rate, lowering its target range to 4.00%–4.25% — the first rate reduction since December 2024.TradingKey
Thu, Sep 18
Fed's Standing Repo Facility on track for big test at end of September
Fed's liquidity facilities face prospect of heavy usage into close of monthFed's Standing Repo Facility on track for first real-world test of noteQT process may stop if SRF usage extends beyond September, experts suggestBy Michael S. Derby WASHINGTON, Sept 17 (Reuters) - Federal Reserve i...Reuters
Thu, Sep 18
Dollar steady after rebound from 3-1/2-year low in post-Fed rollercoaster ride
Fed's rate cut leads to dollar's initial plunge, then reboundFed Chair Powell describes rate cut as risk-management measureBoE expected to keep rates steady amid stable inflationBy Kevin Buckland TOKYO, Sept 18 (Reuters) - The U.S. dollar was steady early on Thursday following its plunge ...Reuters
Thu, Sep 18
Gold falls after scaling record peak as markets digest Fed Chair Powell's comments
Spot gold scaled record high of $3,707.40/oz Fed delivers normal-sized rate cutDeutsche Bank raises average gold price forecasts for next year to $4,000/ozSilver, platinum, palladium each down over 2% By Ashitha Shivaprasad and Anjana Anil Sept 17 (Reuters) - Gold prices fell nearly 1% on Wednesd
Reuters
Thu, Sep 18
Fed's Powell explains how central bank moderate rates mandate works
Powell explains third mandate as derivative of dual mandateFed's QE aimed to lower long-term rates, impact debatedQE's effect on government borrowing costs raises political concernsBy Michael S. Derby Sept 17 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday explained why the t...Reuters
Thu, Sep 18
US Treasury's Bessent made contradictory mortgage pledges, Bloomberg reports
Bloomberg reports Bessent arrangement resembles Cook'sTrump has tried to fire Cook for alleged mortgage fraudCook denies fraud claims and has contested firingBessent's lawyer says paperwork done properly WASHINGTON, Sept 17 (Reuters) - U.S. Treasury Secretary Scott Bessent previously agre...Reuters
Thu, Sep 18
Big US banks lower prime lending rates after Fed rate cut
By Ateev Bhandari Sept 17 (Reuters) - Major U.S. lenders lowered a key interest rate on Wednesday, providing U.S. consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year. JPMorgan Chase JPM.N, Citigroup C.N, Wells Fargo WFC.N and Bank ofReuters
Thu, Sep 18
US House advances stopgap bill to avert government shutdown
House approves debate on stopgap funding to prevent shutdownDemocrats propose alternative funding bill with healthcare focusSenate needs bipartisan support to pass stopgap measureBy David Morgan and Richard CowanWASHINGTON, Sept 17 (Reuters) - The Republican-controlled U.S. House of RepresentativesReuters
Thu, Sep 18
Wall Street Ends Mixed After Fed's Rate Cut. Chinese ETFs and ADRs Jump, Baidu up 11%, PDD up 4.5%; Quantum Computing Shares Rally, QBTS up 19%, RGTI up 10%
The Nasdaq and the S&P 500 closed lower in choppy trading on Wednesday, after the U.S. Federal Reserve cut interest rates by an expected 25 basis points and Fed Chair Jerome Powell cited the weak job market.Market SnapshotThe Dow Jones Industrial Average rose 260.42 points, or 0.57%, to 46,018.32, tTiger News
Thu, Sep 18
Trump hails UK special relationship as he revels in pomp of historic state visit
Trump enjoys unprecedented second state visitRoyals host lavish banquet for US presidentTrip to move from royal pomp to politics By Sam Tabahriti, Michael Holden and Steve Holland WINDSOR, England, Sept 17 (Reuters) - U.S. President Donald Trump on Wednesday hailed the special relationship be...Reuters
Wed, Sep 17
Ben & Jerry's co-founder exits after feud with Unilever over Gaza
Jerry Greenfield says company he co-founded 'silenced'Ben Cohen held protest but has not announced exitUnilever is spinning off Magnum ice-cream unitBy Shivani Tanna and Gursimran Mehar Sept 17 (Reuters) - Ben & Jerry's co-founder Jerry Greenfield, part of the duo whose names sha...Reuters
Wed, Sep 17
Oil prices ease on US demand concerns
Fed cut interest rates as expectedUS distillates stocks build stokes demand concernsRussian supply disruption risks persistBy Nicole Jao NEW YORK, Sept 17 (Reuters) - Oil prices eased on Wednesday after data showing an increase in U.S. diesel stockpiles stoked worries about demand and the U.S. Fe...Reuters
Wed, Sep 17
Lilly gets a boost from new weight-loss pill data as it weighs speedier approval in US
Lilly's GLP-1 pill beats Novo's in diabetes trialTest results boost Lilly's GLP-1 market leadGlobal filings planned as Lilly eyes rapid rollout of oral obesity drugBy Maggie Fick and Mrinalika Roy VIENNA, Sept 17 (Reuters) - Eli Lilly's LLY.N bid for approval for an experimental w...Reuters
Wed, Sep 17
Nvidia CEO Huang caught between US, China's 'larger agendas'
China's CAC directed ByteDance and Alibaba to cancel testing and orders of new Nvidia chip- FTNvidia CEO says China, U.S. have larger agendas to work out Nvidia shares down ~3%By Arsheeya Bajwa Sept 17 (Reuters) - Nvidia CEO Jensen Huang said on Wednesday that Washington and Beijing "have...Reuters
Wed, Sep 17
Is China Phasing Out Nvidia? ByteDance, Alibaba Pull Back as In-House AI Chips Rise
TradingKey - As China’s domestic AI computing chips rise in capability, the U.S.-China tech rivalry is entering a new phase where software and hardware strengths are becoming increasingly balanced. After launching an antitrust investigation into Nvidia, China has further tightened restrictions on
TradingKey
Wed, Sep 17
Wall St set for muted open ahead of Fed policy decision; Nvidia dips
Sept 17 (Reuters) - Wall Street futures pointed to a subdued open on Wednesday as markets stalled ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day, while Nvidia slipped after a report Chinese tech firms might stop buying its chips.Reuters
Wed, Sep 17
Stocks dip, battered dollar recovers as Fed rate cut looms
LONDON, Sept 17 (Reuters) - World stocks held just below recent record highs, gold retreated and the dollar won a reprieve, ahead of a widely anticipated Federal Reserve rate cut later on Wednesday taking place against a backdrop of concern about the future of Fed independence.Reuters
Wed, Sep 17
Deutsche Bank raises 2026 gold forecast to $4,000 as bullion hits record highs
Sept 17 (Reuters) - Deutsche Bank DBKGn.DE raised its gold price forecast by $300 for next year to an average of $4,000 per ounce on Wednesday, due to strong central bank demand, potential U.S. dollar weakness and a resumed Federal Reserve rate-easing cycle.Reuters
Wed, Sep 17
EU eyes deeper India partnership despite concerns over Moscow ties
BRUSSELS, Sept 17 (Reuters) - The European Commission set out plans on Wednesday to deepen cooperation with India in fields such as defence, technology and trade despite tensions over New Delhi's closer ties to Moscow.Reuters
Wed, Sep 17
