The current market turbulence has raised alarm bells among investors, who fear that the world’s largest economy may be teetering on the brink of recession
US Federal Reserve
Financial Market
Markets meltdown: Calls for emergency US Fed rate cut amid turmoil
“It would be beyond negligent for the Federal Reserve not to announce an emergency interest rate cut in response to the global rout in stock markets,” deVere Group CEO says
interest rates
US Fed holds interest rates steady, nods to possible September cut
The decision was broadly in line with Wall Street estimates and market analysts
gold prices
Gold prices surge as Fed rate cut expectations
The US Federal Reserve is set to conclude its two-day policy meeting on Wednesday
interest rates
Fed’s Powell says US economy no longer overheated, signals openness to rate cuts
His comments are widely seen as that suggested the case for interest rate cuts is becoming stronger
inflation
US Fed holds rates steady, sees just one cut in 2024 amid unchanged economic outlook
Under the current projections, absent a surprise in upcoming inflation or jobs data, analysts expect the cuts would likely not begin until December
inflation
US Fed meet minutes raise concerns over sticky inflation; push ‘higher-for-longer’ narrative on rate cuts
The Fed’s recent meeting, held on April 30-May 1, was preceded by a slew of hotter-than-expected US inflation prints
Jerome Powell
A surprise dovish stand by US Fed could trigger risk-on sentiment across asset classes: Saxo Bank
US Fed chairman Powell is to address media on Wednesday