adminThe Wall Street economist who nailed the Fed’s ‘joyous’ rate cut sees the same thing again
Michael Feroli, JPMorgan's chief U.S. economist, was one of the only forecasters on Wall Street who accurately predicted the Federal Reserve's half-point rate cut on Wednesday, and he sees the…
Why I’m not doing anything to cope with lower interest rates
How should a retail investor deal with Wednesday’s interest rate cut by the Federal Reserve and with the future rate cuts that seem to be on the horizon? What I…
It’s harder than it seems to get us to make good money choices
A popular way to help people with their finances is by gently prodding them to make better decisions. There are automatic payments on credit cards and auto-enrollment in 401(k) plans.…
Charting the Global Economy: Fed Goes for Big Rate Cut as BOE Holds
(Bloomberg) — The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of England decided against a second consecutive reduction.…
Sri Lankans vote in a presidential election that will decide how it recovers from economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lankans began voting Saturday in a presidential election that will determine the course of the country's recovery from its worst economic crisis and resulting…
Silicon Valley Investors Rejoice at Fed’s Interest Rate Cut
(Bloomberg) — Wall Street rejoiced over this week’s interest rate cuts, but there’s another investor class that was just as enthusiastic: venture capitalists. Most Read from Bloomberg The tech correction…
Emerging-Market Currencies Fluctuate as Post-Fed Euphoria Dims
(Bloomberg) — Emerging-market currencies oscillated between gains and losses as the risk-on sentiment following the Federal Reserve’s half-point rate cut faltered. Most Read from Bloomberg The MSCI gauge for developing-market…
Boeing Faces Long Strike as Gig Economy Gives Workers Clout
(Bloomberg) — Around Boeing Co.’s vast aircraft manufacturing hub in Seattle, the great belt tightening has begun as the planemaker and its factory workers settle in for a labor dispute…
Stocks Falter as Euphoria Over Fed Rate Cut Fades: Markets Wrap
(Bloomberg) — US equity futures were modestly lower on Friday as some bad news on earnings tempered the euphoria around the trajectory for interest rates. Most Read from Bloomberg Contracts…
Global equity funds draw big inflows ahead of Fed rate cut
(Reuters) – Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle. According to LSEG…
