03:24:27
Traders expect the Fed to cut interest rates by 70 basis points this year, up from 64 basis points earlier.
03:20:24
According to The Verge: Reddit CEO says Microsoft needs to pay for search sites.
03:19:59
Billionaire Bill Ackman abruptly withdraws Pershing Square US Fund IPO.
03:17:57
Federal Reserve Chairman Powell: We are just following the latest developments and are currently assessing what is happening, nothing more.
03:17:45
Federal Reserve Chairman Powell: The Federal Reserve does not have the authority to issue central bank digital currency (CBDC). It does not seek authorization to issue central bank digital currency.
03:17:02
Federal Reserve Chairman Powell: Central bank digital currency was not mentioned at the meeting.
03:15:29
Federal Reserve Chairman Powell: No one can have a clear vision of the future.
03:15:06
Federal Reserve Chairman Powell: We must remain humble in providing forward guidance.
03:14:03
Federal Reserve Chairman Powell: The probability of a hard landing of the economy is "very low."
03:13:21
Federal Reserve Chairman Powell: The time for a rate cut is approaching, and it may happen in September.
03:07:38
The Dominican Republic kept its benchmark interest rate unchanged at 7.00%.
03:07:28
Federal Reserve Chairman Powell: We will never try to make policy decisions based on the results of an election that has not yet occurred.
03:07:08
Federal Reserve Chairman Powell: Anything we do before, during, or after the election will be based on the data and the balance of risks.
03:06:27
Federal Reserve Chairman Powell: We never use our tools to support or oppose any politician or party.
03:06:09
Federal Reserve Chairman Powell: We will not change our policy based on the political calendar.
03:05:54
Federal Reserve Chairman Powell: Absolutely believe that the (potential) rate cut in September should be non-political.
03:04:58
Federal Reserve Chairman Powell: We have not made any decisions about future meetings.
03:04:43
Federal Reserve Chairman Powell: There are some signs of weakness in the economy, but the overall situation is not bad.
03:04:41
Federal Reserve Chairman Powell: We must take the weaker Federal Reserve Beige Book data and anecdotal data seriously.
03:02:14
Federal Reserve Chairman Powell: History cannot be used as a guide to the future.