News Highlights: Top Global Markets News of the Day - Thursday at 1 PM ET
Bank of England Holds Off on Rate Cut After Fed Goes Big
The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.
South Africa Is First Country to Lower Rates After Fed Cut
SARB reduced its benchmark rate by a quarter percentage point to 8%.
The Fed Aims to Repeat Greenspan's 1990s Masterpiece
The 1995 cuts helped lay the groundwork for a soft landing and the late '90s boom years.
Tech Stocks Surge as Post-Fed Rally Builds
U.S. stock indexes were higher midday, led by the Nasdaq Composite, as tech stocks and other speculative assets such as bitcoin rose. International stocks also gained.
Leading index for U.S. economy falls for sixth straight month, signaling slower growth ahead
The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline.
Home Sales Slipped in August Despite Falling Mortgage Rates
Sales of previously owned homes fell 2.5% from the prior month, as a recent drop in mortgage rates failed to offset home prices that remain near record highs.
Jobless claims fall to lowest level since May
The number of Americans who applied for unemployment benefits last week fell to the lowest level since mid-May.
Philadelphia Fed's factory gauge moves back into growth territory in September
The Philadelphia Federal Reserve Bank said Thursday its gauge of regional business activity rose to 1.7 in September from negative 7 in the prior month.
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.
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.
(END) Dow Jones Newswires
September 19, 2024 13:15 ET (17:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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