Summary The FOMC surprised some market participants today by reducing the target range for the federal funds rate by 50 bps. Concerns about the state of the labor market appear to have been the primary driver of the 50 bps move. But the FOMC signaled that it may not necessarily follow today’s 50 bps rate […]
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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…