Retail sales, a key gauge of consumption, rose by 2.1 per cent year on year last month after 2.7 per cent growth was observed in July, bureau data showed. The reading fell short of the 2.68 per ...

The jumbo rate cut of 50 basis points is expected to benefit multiple sectors of the economy that rely heavily on short-term debt to finance their growth, such as real estate, clean energy ...

Rocking a full face of glam, she paired tall black heels with gold earrings and an off-the-shoulder green satin mini dress. FAIRY TALE: Zendaya’s ‘tell-tale signs’ she’s better with Tom Holland than ...

The Fed typically cuts rates to stimulate economic growth. The process works like this: When the economy begins to overheat and inflation rises too quickly, the Fed may raise interest rates.

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. There was much debate about whether the Fed would cut by a half ...

KUALA LUMPUR: Malaysia’s trade has continued its stellar performance in August, growing 18.6 per cent year-on-year to RM252.65 billion -- the fastest growth rate in 22 months, according to the ...

A crowd assembled to hear Republican vice presidential candidate JD Vance speak on Wednesday reacted strongly to a reporter’s question about the Federal Reserve cutting interest rates by half a ...

Hong Kong’s beleaguered real estate market is set for some relief after the city cut its base interest rate for the first time in four years, mirroring the Federal Reserve’s policy easing. The ...

The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said. Source: Freddie Mac By ...

After contending with the highest federal funds rate in decades, the Federal Reserve has issued its first rate cut since 2020 this week, surprising markets with a more aggressive move than ...

The mortgage rate landscape is undergoing a rapid transformation now that inflation is cooling. For starters, there has been a notable drop in mortgage rates over the past few weeks, with rates ...

The Federal Reserve’s decision Wednesday to start cutting interest rates could bolster green energy investments, which took a hit as the U.S. central bank drastically increased the cost of borrowing ...