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The U.S. Dollar recovered sharply after the Federal Reserve cut interest rates by 25 basis points, with markets now focused on the Bank of England's policy decision.
A look at how Federal Reserve interest rate adjustments affect retirees on fixed incomes, from savings accounts and annuities to investment portfolios.
The U.S. Federal Reserve cut interest rates by 0.25%, leading to a volatile session and a mixed close for major stock indices amid ongoing economic uncertainty.
The U.S. Federal Reserve cut its benchmark interest rate by 0.25%, prompting a brief surge in the EUR/USD to a four-year high before paring gains.
Gold prices are pulling back from a record high of $3,700 as the U.S. dollar strengthens ahead of a key Federal Reserve interest rate decision.
Global inflation remains above target in major economies, prompting central banks like the Federal Reserve and ECB to maintain high interest rates.
