• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, FOXA, DIS, CMCSA, TSLA, GM)

    1 month ago - By Business Insider

    Here is what you need to know.
    The Fed gets more hawkish. The Federal Reserve's Federal Open Market Committee raised its key interest rate 25 basis points on Thursday to a range between 1.75% and 2% and said it expected two more rate hikes this year for a total of four. It had previously expected just three rate hikes in 2018.
    The ECB is on the brink of ending its QE program. The European Central Bank could announce plans to stop its €2.55 trillion bond-buying scheme known as quantitative easing, ending years of postcrisis stimulus, Reuters says. A decision will cross the wires at 7:45...
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  • The Fed just increased interest rates - here's what the hike means for your wallet

    The Fed just increased interest rates - here's what the hike means for your wallet

    1 month ago - By Business Insider

    The Federal Reserve hiked interest rates to a range between 1.75% and 2% on Wednesday.
    In response, banks across the US raised their prime lending rate to 5% from 4.75%.
    This will affect the rates for credit cards and other nonmortgage loans.
    The Federal Reserve on Wednesday lifted its fed funds rate by 25 basis points to a range between 1.75% and 2%, and signaled two more hikes were coming this year.
    While investors and economists spend the next few days deciphering new Fed Chairman Jerome Powell's decision to hold a press conference after every meeting and what the projected path of...
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  • 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, FOXA, DIS, CMCSA, TSLA, GM)

    10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, FOXA, DIS, CMCSA, TSLA, GM)

    1 month ago - By Business Insider

    Here is what you need to know.
    The Fed gets more hawkish. The Federal Open Market Committee raised its key interest rate 25 basis points on Thursday to a range between 1.75% and 2%, and said it sees two more rate hikes this year for a total of four. It had previously expected just three rate hikes in 2018.
    The ECB is on the brink of ending its QE program. The European Central Bank could announce plans to stop its €2.55 trillion bond-buying scheme, ending years of post-crisis stimulus, Reuters says. A decision will cross the wires at 7:45 a.m. ET.
    Trump is getting ready to make a decision...
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  • Fed Hikes Rates For Seventh Time In Three Years

    Fed Hikes Rates For Seventh Time In Three Years

    1 month ago - By ETF Daily News

    From Franklin Templeton Investments : The US Federal Reserve continued its tightening path at its June policy meeting, raising its benchmark interest rate for the second time this year and seventh time since December 2015.
    Chris Molumphy, chief investment officer, Franklin Templeton Fixed Income Group, offers us a snapshot of the US monetary policy landscape in the wake of the meeting.
    At its June monetary policy meeting , the Federal Reserve raised its benchmark interest rate, the fed funds rate, by 25 basis points to a range of 1.75% to 2.00%. The Fed also released updated forecasts in...
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  • What The Fed's Latest Rate Bump Means For Investors

    What The Fed's Latest Rate Bump Means For Investors

    1 month ago - By ETF Daily News

    From Invesco : The Federal Reserve hiked rates by 0.25% for the second time this year, lifting the range for the federal funds rate to 1.75% to 2.00%. The statement that accompanied the meeting reflected a strengthening of the economy.
    The Fed also increased the rate of interest on excess reserves by 0.20% with the intent of moving the effective federal funds rate closer to the middle of the band.
    The Fed's summary of economic projections showed improvement in its forecast of growth and a lower expected unemployment rate. The most surprising change in the SEP was a drop in the Fed's...
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