The Hang Seng Index rose 56.17 points, or 0.31 percent, to open at 18,069.33 points on Friday. Following the Federal Reserve's 50 basis point rate cut, the MSCI World, S&P 500 and Dow all hit new ...

Federal Reserve Chair Jerome Powell spotlighted the strength of the economy this week as he lowered interest rates from punishingly high levels, saying the U.S. is in “good shape” and growth ...

Pagers and walkie-talkies are under the spotlight after Hezbollah blamed Israel for detonating multiple hand-held devices in Lebanon, leading to the death of at least 32 people. The pagers ...

The Fed's surprise 0.50% rate cut was driven by rising unemployment and cooling inflation, aligning with its dual mandate of maximum employment and stable prices. The larger-than-expected cut ...

While the decision was welcomed, it also raised questions about future rate actions. Fed Chair Jerome Powell advised the markets not to take this 50bps cut as a “new pace.” He stressed that ...

With the pace of inflation slowing and the job market cooling over the past few months, some experts and Democratic lawmakers have been urging Fed Chair Jerome Powell to cut rates sooner rather ...

The Fed delivered a jumbo-sized rate cut this week. The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal ...

With the 50 point cut, the Fed lowered the target range for the federal funds rate to 4.75% to 5% – down from 5.25% to 5.5%. "Our economy is strong overall and has made significant progress ...

The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.

Fed Chair Jerome Powell entered a new phase in his campaign to softly land the U.S. economy, lowering interest rates Wednesday with an audacious half-point cut. The move raised new questions the ...

Following the Fed's announcement Wednesday, the central bank released its updated Summary of Economic Projections, including its "dot plot," which shows Fed policymakers' predictions for where ...