LIVE: Fed Chair Jerome Powell delivers interest rate decision for September About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/Ya ...

Core Insights - The article discusses the current state of money market account (MMA) rates, highlighting the importance of finding competitive rates as interest rates decline following recent Federal Reserve cuts [1][4]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.59%, while top rates can exceed 4% APY, comparable to high-yield savings accounts [2]. - TotalBank currently offers the highest MMA rate at 4.41%, which is over seven times the national average [7]. Group 2: Impact of Federal Reserve Actions - Deposit account rates, including money market rates, are influenced by the federal funds rate set by the Federal Reserve. When the Fed lowers its rate, deposit rates typically decrease [3]. - Between July 2023 and September 2024, the Fed maintained a target range of 5.25%–5.50%, but subsequently cut the federal funds rate by a total of 100 basis points by December 2024, leading to a decline in money market rates [4]. Group 3: Considerations for Savers - Money market accounts are attractive for savers due to their elevated rates, safety, and liquidity, making them suitable for those with short-term savings goals or emergency funds [5][6]. - For conservative savers, money market accounts are appealing as they are FDIC insured and protect principal, although riskier investments may be necessary for long-term savings goals [6].

Ghana’s central bank is set to deliver another supersized interest-rate cut as inflation is expected to return to its target range before year-end https://t.co/V5wcIFJMPR ...

Economic Data Summary - Retail Sales for August increased by +0.6%, double the expected +0.3%, reverting to the baseline seen in late 2024 [1] - Excluding auto sales, Retail Sales rose by +0.7%, which is 10 basis points higher than the upwardly revised July figure, marking the second-highest increase this year [2] Inflation Indicators - The Import Price Index for August showed a positive change of +0.3%, contrasting with an expected decline of -0.2%, marking the first back-to-back positive reports since February [4] - Export prices also increased by +0.3% month-over-month and +3.4% year-over-year, the highest level seen in 2025 [5] Federal Open Market Committee (FOMC) Meeting Insights - The FOMC meeting is set to include 12 voting members, with new developments including the addition of a Fed Governor [6] - Stephen Miran, Chairman of the Presidential Council of Economic Advisors, is expected to advocate for a more significant rate cut than the anticipated 25 basis points [7] - The previous FOMC meeting saw dissenting votes for the first time in 30 years, indicating potential shifts in monetary policy perspectives [8]

U.S. stocks rose on Monday as the U.S. and China held trade talks and investors looked ahead to this week's interest rate decision from the Federal Reserve. https://t.co/atT0brfgZ7 ...

The latest UK wages data won't make much difference to the Bank of England interest rate decision this week. But it does highlight yet another long-term challenge facing Britain's public finances - the cost of indexing the state pension. https://t.co/Ng9JmM9SPb ...

Economic Indicators - Core Retail Sales MoM data release is scheduled for September 16 [1] - Consumer Price Index YoY data release is scheduled for September 17 [1] - Bank of England (BoE) Interest Rate Decision is scheduled for September 18 [1]

Market Outlook & Strategy - The market anticipates three rate cuts, which differs from the potential of a one-time cut, impacting market highs [6] - Economic data holding steady is positive for stocks, leading to a steeper curve and growth [2] - Focus on interest rate-sensitive sectors and mega-cap growth stocks for continued outperformance [4][5] - Low rate volatility, lower dollar volatility, and lower oil prices are conducive to buying risk assets globally [15] Economic Indicators & Concerns - Labor market weakening is a key factor influencing potential interest rate cuts [4] - A bifurcated economy exists where the stock market performs well, but challenges remain for new graduates and the working class [8] - Consumer strength, especially among lower-end and younger consumers, is crucial for a healthier bull market [10] Global Trade & China - Optimistic China trade news signals the worst is behind us, providing clarity for companies to plan costs [11][12] - Peak aggregate rates are expected to be 30%, allowing companies to better judge costs and plan [12] - China's economy may be performing worse than its stock market, similar to the US labor situation [13]

Let's now ask New York Life's Lauren Goodwin. She joins us now. Lauren, record highs for the S&P and NASDAQ.It's like a broken record at this point. Did anybody, including yourself, really expect that we were going to see this constant ratcheting up. Not massively so, but a slow meltup of record highs throughout the course of 2025.I don't think so. Especially not after liberation day. And my estimation is that we are likely to see market jitters associated with all the policy change that we've been getting ...

Canada’s currency is poised to benefit from a smaller interest-rate gap with the US as the nation’s central bank nears the end of its monetary easing cycle while the Federal Reserve gears up for multiple cuts https://t.co/I3Cycl92iE ...