The Federal Reserve Open Market Committee (FOMC) cut the target range for the federal funds rate by 50 basis points (bps), to 4.75% to 5.00% and announced it would continue its balance sheet runoff. The Fed noted that it “has gained greater confidence that inflation is moving sustainably toward 2 percent”, and “judges that the […]
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In today’s uncertain environment, financial resilience is more important than ever. Bobbi Rebell, author of Launching Financial Grownups joined TheStreet to share practical tips for reaching financial maturity. Related: Dave Ramsey has blunt words on a Read more…
Markets The week started off with some Bund underperformance, both vs US Treasuries and UK gilts. With the front end adding up to 7 bps, European money markets are slightly paring bets on ECB rate Read more…
Greek ECB Governing Council member Yannis Stournaras told Bloomberg today that a 25 bps rate cut at the upcoming December meeting would represent “an optimal reduction”. He acknowledged that interest rates remain firmly in restrictive Read more…