SA Reserve Bank cuts interest rates by 0.25%
This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% cut in the repurchase rate (repo rate).
More Americans under under credit card stress
A new report shows more Americans are under the stress of rising credit card balances. At the start of this year, Americans’ total credit card debt was approaching $1.17 ...
Survey: Almost half of loan applicants have been denied over the past 12 months
Nearly half of Americans (45 percent) said they have applied for a loan or financial product in the past 12 months since ...
Here’s Why JPMorgan Chase & Co. (JPM) Is Among the Best American Bank Stocks to Buy Now
We recently compiled a list of the 10 Best American Bank Stocks To Buy Now. In this article, we are going to take a look at ...
Top Fed officials’ comments highlight split on central bank about next interest-rate cuts
The split came into clear focus on Friday, the first day Fed officials spoke publicly in the wake of the decision earlier in the week to hold its benchmark interest rate steady in a range of 4.25%-4.5 ...
The Fed didn’t budge on rates. Here’s why that matters for your bank accounts
Most people pay little attention to the Federal Reserve and monetary policy. But they have an outsized impact on your bank ...
US Bank Agencies to Seek Public Input on Regulations on March 6
Top US bank regulators will hold a virtual meeting on March 6 to solicit public feedback on how effective their regulations are for Wall Street firms, consumers and depositors.
The Fed Is Sitting on the Sidelines, but for How Long?
The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our ...
Fed’s Bowman Skeptical That Central Bank Still Very Restrictive
Federal Reserve governor Michelle Bowman said that she would prefer only gradual future easing of the central bank’s interest ...
Big Central Banks Start 2025 Heading in Different Directions
LONDON (Reuters) - The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way ...
The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.