News Highlights: Top Global Markets News of the Day - Thursday at 3 AM ET

Fed Cuts Rates by Half Percentage Point 
 

The central bank's decision brings the benchmark federal-funds rate to a range between 4.75% and 5% and follows an all-out fight against inflation launched two years ago.

 
Big Rate Cut Forces Fed to Contend With New Obstacles 
 

How big will the next cut be? And what's the right interest rate anyway? Still, Fed Chair Jerome Powell made one thing clear: He really wants to stick the landing.

 
The Fed Has Significantly Improved the Odds of a Soft Landing 
 

Inflation and the labor market look normal, interest rates looked abnormal-until the Fed acted.

 
Bond market gets a Fed wake-up call after pricing in a recession 
 

Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here's why.

 
New Car Sales Slump in Europe on Weakening Demand, EV Decline 
 

Stellantis and Volkswagen suffered significant falls in new-car registrations in August, contributing to a sharp overall decline in the European Union, as demand weakened in key markets and electric-vehicle sales fell.

 
Why the Bank of England Won't Follow the Fed 
 

The BOE got ahead of the Federal Reserve by making its first cut since the Covid-19 pandemic at the beginning of August.

 
Lower Rates Yield a Loser: Berkshire Hathaway 
 

Berkshire had $277 billion in cash and equivalents at the end of the June, and the bulk of it is invested in high-yielding Treasury bills.

 
Tech Jobs Have Dried Up-and Aren't Coming Back Soon 
 

Employment for software engineers has cooled as resources shift toward developing artificial intelligence.

 
Republican Divisions Sink House Bill as Government Shutdown Nears 
 

Donald Trump urges party to take a hard line on election security in negotiations with Democrats.

 
Brazil's Central Bank Resumes Hiking as Inflation Remains High 
 

Brazil's central bank raised interest rates for the first time in two years, just hours after the U.S. Federal Reserve joined a global cutting wave, as the victory over inflation that feels in reach in many parts of the world is looking uncertain in Latin America's largest economy.

(END) Dow Jones Newswires

September 19, 2024 03:15 ET (07:15 GMT)

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