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Top Action Forex News

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year — Kent Nishimura/Getty Images via Getty Images

Federal Reserve · Washington

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

51% Center coverage: 366 sources

The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story

Bank of Canada lowers interest rate to 2.5% in first cut since March — REUTERS / ixx511

Bank of Canada · Canada

Bank of Canada lowers interest rate to 2.5% in first cut since March

66% Left coverage: 47 sources

The Bank of Canada lowered its key interest rate by 25 basis points to 2.5 per cent on Wednesday, marking its first cut since March. See the Story

UK inflation remained at 3.8% in August, official figures show — REUTERS / pwu404

UK Economy · United Kingdom

UK inflation remained at 3.8% in August, official figures show

51% Center coverage: 41 sources

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