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LIVE 2:30 PM ET: Federal Reserve Powell Holds News Conference After Fed Policy Decision

LIVE 2:30 PM ET: Federal Reserve Powell Holds News Conference After Fed Policy Decision
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The Latest News, Headlines, and Business Stories for September 19

The Fed is expected to pause interest-rate hikes this week, but questions remain about when the first cuts will occur.

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NZD finds tentative foothold above 59 US cents

Chinese authorities set strong daily fixing, defending key USDCNY 7.3 level. US ten-year yield remains near 16-yr highs, pulls back from 4.33%. Equities down, WTI crude up, gold flat, US dollar mixed

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Silicon Valley Bank committed one of the most elementary errors in banking, Larry Summers says

Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.

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SA at risk of investor isolation amid a perfect storm f

Cyril Ramaphosa stepping down could unleash a perfect storm in financial markets that would render a 4.2% slide in the rand small fry compared to the 2001 rand crisis. Investors hate the unknown, and with no sign of a successor who would ease investors’ worries, they will put SA into self-isola.

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