02:16:58
U.S. interest rate futures suggest that the Federal Reserve will cut interest rates by 76 basis points by the end of 2024; it is expected that a total of 196 basis points of interest rate cuts will be made by October 2025.
02:13:04
U.S. Department of Energy: The United States seeks to purchase up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve.
02:12:00
Money markets see a nearly 57% chance that the Bank of Canada will cut interest rates by 50 basis points in October, up from 46% before the Fed’s first rate cut.
02:06:56
Federal Reserve FOMC statement: The economic outlook is uncertain and we are concerned about risks on both sides of the (dual mission).
02:06:52
Federal Reserve FOMC statement: Economic activity expanded "steadily", job growth slowed, and the unemployment rate rose but remained low.
02:06:21
Federal Reserve FOMC statement: will continue the previous pace of balance sheet reduction.
02:05:50
Senior Financial Editor Anstey: Policymakers plan to roll out 100 basis points of easing by the end of the year. So that means another 25 basis points of cuts in the remaining two meetings this year.
02:05:03
Federal Reserve FOMC statement: In considering further interest rate adjustments, we will carefully assess incoming data, the changing outlook, and the balance of risks.
02:02:44
Federal Reserve FOMC statement: Members passed the interest rate decision with an 11-1 vote, and the last meeting was unanimous.
02:01:55
Short-term U.S. Treasury yields fell after the Federal Reserve cut interest rates by 50 basis points.
01:52:23
An overview of the main commodity prices before the FOMC decision.
01:51:07
Peruvian President Antonio Guillermo Bolwaier has declared a state of emergency in three regions affected by deadly forest fires.
01:50:00
The Federal Reserve will announce its interest rate decision and a summary of its economic forecasts in ten minutes.
01:38:27
U.S. natural gas inventories are expected to have risen by 56 billion cubic feet last week, a Reuters poll showed.
01:31:47
Bank of Canada meeting minutes: Policymakers agreed they wanted to see economic growth above 2%.
01:31:33
Bank of Canada meeting minutes: No preset interest rate path.
01:31:28
Bank of Canada Minutes: The Committee believes that the low U.S. savings rate may be an indicator of future economic weakness.
01:31:13
Bank of Canada meeting minutes: The Governing Council is puzzled by the fact that US household spending has continued to exceed expectations.
01:31:02
Bank of Canada Minutes: Members discussed scenarios in which the economy could rebound faster than expected; in which case it might be appropriate to slow the pace of rate cuts.
01:30:50
Bank of Canada Minutes: Members discussed whether weakness in Canadian consumption and housing stemmed in part from cautious attitudes by households.