News Highlights: Top Global Markets News of the Day - Thursday at 7 AM ET

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.

 
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.

 
Taiwan Central Bank Leaves Key Interest Rates Unchanged 
 

Taiwan's central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.

 
Norges Bank Holds Key Rate, First Cut Seen at Beginning of 2025 
 

Norway's central bank held its key policy rate at 4.5%, a level that is expected to remain unchanged until the end of the year as a weak krone continues to threaten efforts to bring inflation down.

 
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.

 
Does the Big Fed Cut Make Refinancing Worth It? 
 

Millions can potentially save money by refinancing, but many are waiting for rates to drop further.

 
Some Financial Giants Pay Paltry Rates on Investors' Cash. It's Hurting Them Now. 
 

Brokerage firms have been earning nice profits on clients' uninvested cash. Now investors are demanding better treatment and regulators are asking questions.

 
Australian Job Market Robust Even as Growth Is Stalling 
 

Australia's unemployment rate was steady in August despite economic growth flatlining over recent months, with employment growing solidly and job market participation remaining at record levels.

 
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 07:15 ET (11:15 GMT)

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