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Gold falls after scaling record peak as markets digest Fed Chair Powell's comments

Sept 17 (Reuters) - Gold prices fell nearly 1% on Wednesday, retreating from a record high scaled earlier in the session, as market participants parsed remarks from Federal Reserve Chair Jerome Powell.

Sep 17, 2025 - 3:37 PM

Fed's Powell said central bank is cutting 10% of its staff

Sept 17 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday the U.S. central bank is undergoing a notable reduction in the ranks of those who work for the institution.

Sep 17, 2025 - 3:27 PM

Wall Street mixed after Fed's rate cut, trading choppy

Sept 17 (Reuters) - The S&P 500 briefly rose while the Nasdaq slipped in choppy trading on Wednesday, after the U.S. Federal Reserve cut interest rates by an expected 25 basis points.

Sep 17, 2025 - 3:23 PM

No big push for a larger rate cut, Fed's Powell says

Sept 17 (Reuters) - There was no widespread support for a larger, half-percentage-point interest rate cut at the Federal Reserve meeting this week, Fed Chair Jerome Powell said on Wednesday, after the central bank cut its policy rate by a quarter point.

Sep 17, 2025 - 3:04 PM

Fed delivers normal-sized rate cut, sees steady pace of further reductions; Miran dissents

WASHINGTON, Sept 17 (Reuters) - The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing costs for the rest of this year, as policymakers responded to concerns about weakness in the job market in a move that won support from most of President Donald Trump's central bank appointees.

Sep 17, 2025 - 3:00 PM

Trump attacks on Fed threaten US stability and prosperity, Bundesbank warns

FRANKFURT, Sept 17 (Reuters) - Curtailing the U.S. Federal Reserve's independence could backfire and actually push up borrowing costs while also tempting other governments to meddle in central banking, Bundesbank President Joachim Nagel warned on Wednesday.

Sep 17, 2025 - 2:12 PM

U.S. central bankers split wide over rate-path view

WASHINGTON, Sept 17 (Reuters) - U.S. central bankers expect to cut short-term interest rates by another half of a percentage point this year after delivering a quarter-point cut on Wednesday, based on the median of fresh projections.

Sep 17, 2025 - 2:10 PM

Canadian dollar edges lower as BoC resumes its easing campaign

TORONTO, Sept 17 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday as the Bank of Canada cut interest rates for the first time in six months and investors awaited a Federal Reserve policy decision.

Sep 17, 2025 - 12:39 PM

Fed expected to cut rates, update views of Trump economic plan with new projections

WASHINGTON, Sept 17 (Reuters) - The most politically charged U.S. Federal Reserve meeting in years wraps up on Wednesday with broad expectations for a quarter-percentage-point interest rate cut that may spark dissents from some policymakers who feel it is too small and too late and others who feel it is not warranted at all.

Sep 17, 2025 - 12:10 PM

Stocks flat, dollar edges higher as investors await Fed rate decision

NEW YORK/LONDON, Sept 17 (Reuters) - World stocks traded flat while the U.S. dollar was marginally higher on Wednesday as investors eyed a widely anticipated Federal Reserve interest rate cut taking place against a backdrop of some drama that raises questions about the central bank's independence.The Fed is expected to cut interest rates by a quarter of a percentage point to the 4.00%-4.25% range later on Wednesday, with the focus on any comments from Fed Chair Jerome Powell on the outlook for monetary policy.

Sep 17, 2025 - 11:31 AM

US Treasury's Bessent made contradictory mortgage pledges, Bloomberg reports

WASHINGTON, Sept 17 (Reuters) - U.S. Treasury Secretary Scott Bessent previously agreed to occupy two different houses at the same time as his "principal residence," Bloomberg News reported, an agreement similar to one President Donald Trump has called mortgage fraud in his unprecedented bid to fire Federal Reserve Governor Lisa Cook.The Bloomberg report, published Wednesday, cites Bessent's mortgages with lender Bank of America and his pledge in 2007 to primarily occupy homes in New York and Massachusetts.

Sep 17, 2025 - 11:25 AM

Gold eases after scaling record peak, Fed rate verdict looms

Sept 17 (Reuters) - Gold slipped on Wednesday as investors locked in profits after prices scaled the $3,700-mark in the previous session, with the spotlight now on the Federal Reserve's looming policy verdict.Spot gold was down 0.1% at $3,685.39 per ounce, as of 10:49 am EDT (1449 GMT), after hitting a record high of $3,702.95 on Tuesday.U.S. gold futures for December delivery dropped 0.1% to $3,720.70.

Sep 17, 2025 - 11:23 AM

Fed's Standing Repo Facility on track for big test at end of September

WASHINGTON, Sept 17 (Reuters) - Federal Reserve interest rate-control liquidity facilities are set for a heavy-duty workout into the close of the month, with big implications for how much farther the U.S. central bank can take its balance sheet wind-down process.

Sep 17, 2025 - 10:42 AM

Middle East shares mixed ahead of highly anticipated US Fed decision

Sept 17 (Reuters) - Middle East equities were mixed on Wednesday, as investors priced in a U.S. rate cut later in the day and turned cautious ahead of Federal Reserve Chair Jerome Powell's speech that could throw light on the central bank's future rate path.Traders expect a 25-basis-point cut, but Powell's speech is expected to reveal the Fed's stance, which carries heavy clout in the Gulf, where most currencies are pegged to the U.S. dollar, anchoring regional monetary policy.

Sep 17, 2025 - 9:33 AM

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Gold falls after scaling record peak as markets digest Fed Chair Powell's comments

Fed's Powell said central bank is cutting 10% of its staff

Wall Street mixed after Fed's rate cut, trading choppy

No big push for a larger rate cut, Fed's Powell says

Fed delivers normal-sized rate cut, sees steady pace of further reductions; Miran dissents

Trump attacks on Fed threaten US stability and prosperity, Bundesbank warns

U.S. central bankers split wide over rate-path view

Canadian dollar edges lower as BoC resumes its easing campaign

Fed expected to cut rates, update views of Trump economic plan with new projections

Stocks flat, dollar edges higher as investors await Fed rate decision

US Treasury's Bessent made contradictory mortgage pledges, Bloomberg reports

Gold eases after scaling record peak, Fed rate verdict looms

Fed's Standing Repo Facility on track for big test at end of September

Middle East shares mixed ahead of highly anticipated US Fed decision

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