50bps – DIGIT INFO

Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

DIGIT — Mon, 02 Sep 2024 16:40:38 +0000

On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which […]

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ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

DIGIT — Fri, 16 Dec 2022 06:30:32 +0000

The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above the target for too long.” ECB […]

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British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

DIGIT — Mon, 26 Sep 2022 16:30:02 +0000

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning. Pound Sinks Against Greenback […]

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Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty

DIGIT — Wed, 04 Mar 2020 13:20:28 +0000

The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed for bankruptcy in 2008. The announcement didn’t have a […]

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