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Dollar slips in choppy trading as traders grapple with Fed's giant rate cut

The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut, as well as the switch to an easing monetary policy stance delivered by the Federal Reserve.

USA TODAY on MSN · 1d

The Fed rate cut affects the US dollar. Should international travelers worry?

The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years. As a result, the value of the dollar abroad fell slightly. Nevertheless, there's no need to rush to the nearest foreign currency exchange bureau if you have a trip abroad planned in the near future.

Marketplace · 3d

With the Fed set to cut interest rates, the dollar is losing a bit of its shine with foreign investors

The effect of a declining dollar is likely to be subdued, said economist Eswar Prasad, since other nations are seeing weak economic growth.

OpenAI’s investors bet it will become a trillion-dollar business

New $6bn-plus funding round based on belief that ChatGPT-maker will eventually become world’s dominant AI company ...

BlackRock Reveals It’s Quietly Preparing For A $35 Trillion Federal Reserve Dollar Crisis With Bitcoin—Predicted To Spark A Sudden Price Boom

The world's largest asset manager BlackRock has warned "growing concerns" around the spiraling $35 trillion U.S. debt pile ...

2don MSN

The biggest threat to the US dollar is America's exorbitant debt load, JPMorgan says

Though Treasurys are attractive for their safe-haven repute, several analysts voiced concern that this is at risk. US ...

2don MSN

Dollar Tree Stock: Could Cutting Losses on Its Decade-Old Gamble Reignite Shares?

Another point to consider is Dollar General's ( DG 1.18%) outperformance since the July 6, 2015, acquisition. It's Dollar ...

19hon MSN

Multi-Million Dollar Texas Stadium Project Gets Green Light

Major League Soccer's ( MLS) third-oldest soccer-specific venue is slated to get a makeover worth almost $200 million, it has ...

All the fancy dinnerware items we found at Dollar Tree, starting at just $1.25 apiece

You might think of Dollar Tree as a place to scoop up wallet-friendly gifting essentials, party supplies and the occasional ...

16h

Stock Market Today: Dow tops 42,000, pushes deeper into record territory after Fed's big rate cut

Money-market funds shed $20.02 billion in assets in the past week, according to data from the Investment Company Institute. While balances were still lofty at $6.3 trillion for the week ending ...

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