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November 17, 2019
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CBS US News

Federal Reserve Chairman Jerome Powell hints to Congress: No more interest rate cuts this year

CBS News
Washington โ€” Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions. Powell also said the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless...
CNBC Business

Alan Greenspan says there’s ‘no point’ for central banks to issue digital currency

CNBC
The former Federal Reserve chairman said national currencies are backed up by sovereign credit, something no other organization can offer. Source link: Click here for more
CNBC Business

Citi predicts the greenback could weaken ‘substantially’ โ€” to as low as 85 on the dollar index

CNBC
The U.S. dollar index could fall as low as 85 as the Fed expands its balance sheet, says Mohammed Apabhai, head of Asia Pacific trading strategies group at Citi. Source link: Click here for more
CBS US News

Fed rate cut announced Wednesday, a nod to slowing economic growth

CBS News
The Federal Reserve is lowering its benchmark interest rate for the third time this year in a bid to shore up U.S. economic growth. Wall Street largely expected the cut of 0.25 percentage points, which brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is...
CNBC - Real Estate

Here’s what the Fed’s interest rate cut really means to you

CNBC Real Estate
The Federal Reserve‘s decision to cut interest rates by a quarter point for the third time this year is meant to bolster the economy. Everyday Americans may lose some ground. On the one hand, lower rates often mean cheaper loans, which can impact your mortgage, home equity loan, credit card,...
CNBC Business

5 things to know before the stock market opens Monday

CNBC
5 things to know before the stock market opens Monday Source link: Click here for more
CNBC Business

If Washington wants to stop giving free rides, its trade partners need to stimulate their economies

CNBC
The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes. Source link: Click here for more
CNBC Business

5 things to know before the stock market opens Friday

CNBC
U.S. stock futures point to a mixed Friday open, with Amazon’s sharp premarket decline on disappointing earnings putting a drag on sentiment. Source link: Click here for more
CNBC Business

5 things to know before the stock market opens Thursday

CNBC
U.S. stock futures point to a modestly higher Thursday open on Wall Street on the busiest day for third-quarter earnings. Source link: Click here for more
CNBC Business

Negative rates have consequences we don’t fully understand, Jamie Dimon says

CNBC
An increasing number of business executives and economists have spoken up against adopting a negative interest rates policy for long. Source link: Click here for more
CNBC Business

China tariff deal was easy compared to the EU’s bazooka-proof trade walls

CNBC
The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes. Source link: Click here for more

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