Reuters US Economy Archives - Page 42 of 866

Dow ends down, S&P 500 flat as Powell says December rate cut far from assured

30 Oct 2025 30 Oct 2025

By Caroline Valetkevitch NEW YORK (Reuters) -The Dow ended lower and the S&P 500 finished flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell said another rate cut in December is far from assured. The Nasdaq registered another record closing high, boosted by Nvidia after the AI chipmaker made …

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Most Gulf central banks cut key rates by 25 basis points after Fed move

29 Oct 2025 29 Oct 2025

By Yomna Ehab and Muhammad Al Gebaly CAIRO (Reuters) -Most Gulf central banks cut key interest rates on Wednesday after the U.S. Federal Reserve moved to reduce rates by a quarter of a percentage point, its second rate cut decision this year. The Fed’s decision to cut rates by 25 basis points drew dissents from …

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Oil settles higher on large drop in US stockpiles, trade optimism

29 Oct 2025 29 Oct 2025

By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Wednesday after data showed U.S. crude and fuel inventories drew down more than expected last week, and as U.S. President Donald Trump’s optimistic tone over upcoming talks with his Chinese counterpart helped ease economic jitters. Brent crude futures rose 52 cents, or 0.8%, to settle …

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Powell says eventually Fed will expand balance sheet again

29 Oct 2025 29 Oct 2025

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said the U.S. central bank, having just stopped shrinking its balance sheet, will have to start growing it again at some point. In order to keep enough liquidity in the financial system to keep interest rates under control, at some point the Fed …

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Factbox-History of Federal Reserve dissents in two directions

29 Oct 2025 29 Oct 2025

WASHINGTON (Reuters) -The Federal Reserve’s decision on Wednesday to lower interest rates by a quarter percentage point was met with dissenting votes by two policymakers, one favoring a larger cut and another preferring no reduction at all, a rare example over the last few decades of multiple dissents in opposing directions. The Federal Open Market …

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Bank of Canada cuts benchmark rate to 2.25%

29 Oct 2025 29 Oct 2025

TORONTO (Reuters) -The Bank of Canada reduced its key overnight interest rate to 2.25% on Wednesday, as widely expected, and signaled a possible end to its cutting cycle. MARKET REACTION: [CAD/] LINK: COMMENTS ANDREW KELVIN, HEAD OF CANADIAN AND GLOBAL RATES STRATEGY AT TD SECURITIES “It does seem as though they are …

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FULL TEXT- Bank of Canada lowers key rate to 2.25%

29 Oct 2025 29 Oct 2025

OTTAWA, Oct 29 (Reuters) – The Bank of Canada released the following statement on Wednesday: “The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. “With the effects of US trade actions on economic growth …

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FULL TEXT-Bank of Canada head says rate cut aimed at helping economy

29 Oct 2025 29 Oct 2025

OTTAWA, Oct 29 (Reuters) – The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: “Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision. “Today, the Bank lowered the policy interest rate a further 25 basis points, bringing it to 2¼%. …

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Bank of Canada cuts 2025 and 2026 forecasts, cites US trade policy

29 Oct 2025 29 Oct 2025

OTTAWA, Oct 29 (Reuters) – The Bank of Canada on Wednesday slashed its growth forecasts for both 2025 and 2026, citing the effect of U.S. trade policy, and predicted the economy would recover slightly in 2027. In its quarterly annual monetary policy report, the central bank said 2025 growth would be 1.2%, sharply down from …

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Garmin lifts annual profit outlook; outdoor unit weakness weighs on shares

29 Oct 2025 29 Oct 2025

(Reuters) -GPS device maker Garmin on Wednesday raised its adjusted profit forecast for the year, but reported a rise in operating expenses and decline in quarterly revenue from its outdoor and auto units. Shares of the company fell 10% in premarket trading following the results. Garmin, which offers GPS devices and technology used for fitness …

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