Tag: Rate
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Fed’s John Williams says the central bank isn't 'really talking about rate cuts right now'
New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank. “We aren’t really talking about rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question in front of us, which as chair Powell said… is,…
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Watch: ECB President Christine Lagarde speaks after rate decision
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision. The ECB on Thursday held interest rates steady for the second…
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The Fed Can’t Put Off Preparing for Rate Cuts
As the economy slows down toward its speed limit, it might be time to start thinking about easing up on the brake. That doesn’t mean the driver has to inform the passengers. Friday’s employment report showed that the economy added a seasonally adjusted 199,000 jobs last month, a move up driven in part by the…
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ARDC: A Lot To Offer Income Investors, Regardless Of Interest Rate Direction (NYSE:ARDC)
Ilja Enger-Tsizikov The Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) is a very popular closed-end fund, or CEF, that is frequently purchased by those individuals who are seeking to earn a very high level of income from the assets in their portfolios. As of the time of writing, the fund boasts an impressive 11.02% distribution…