US Fed cuts interest rate by 50 basis points, more to come
The Fed announced a cut of 50 basis points and lowered its key rate to roughly 4.8 per cent, Associated Press ( AP) reported. This is down from a two-decade high of 5.3 per cent, where it had stood for 14 months, as it struggled to curb the worst inflation streak in four decades.
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Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
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The White House chief of staff recalled how Biden came into office with what he described as “a once-in-a-generation pandemic ...
With the presidential election less than two months away, a drop in interest rates could be good news for the Democratic ...
The average credit card interest rate is almost certain to go down next year. But will it give consumers any relief? Find out ...
Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on ...
Canada's main stock index opened slightly lower on Friday as investors took a pause a day after an oversized interest-rate ...
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
The Canadian Press on MSN1d
S&P/TSX composite down more than 100 points, U.S. stock markets also lowerCanada's main stock index was down more than 100 points on broad-based weakness on the Toronto market, while U.S. stock ...
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