Month: November 2024

Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during ...

Dow Jones Industrial Average treads water after Fed delivers quarter-point rate cut

The Dow Jones is trading tightly on Thursday, cruising near record highs. Investors are holding in the midrange after the Fed delivered a widely-anticipated 25 bps rate trim. Markets broadly ...

United States Consumer Credit Change below forecasts ($14.5B) in September: Actual ($6B)

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way ...

Mexican Peso holds gains as Fed cut rates, Powell presser underway

Mexican Peso posts four consecutive days of gains; USD/MXN tumbles below 20.00. Mixed Mexican data as inflation rises, but core inflation dips, potentially allowing further Banxico easing. Supreme Court dismisses ...

USD/JPY churns post-Fed rate cut, FOMC delivers 25 bps rate trim

USD/JPY swirled around 153.20 after the Fed broadly met market expectations on November's rate call. The Fed delivered a follow-up quarter-point cut on Thursday; markets now bet on odds of ...

“I might have done better in the Bluesbreakers than in the Yardbirds, but I certainly wouldn’t have had the same kind of free rein to experiment”: Jeff Beck on his relationship with Eric Clapton, jamming with Hendrix, and turning down John Mayall

The following is a fan-submitted Q&A with Jeff Beck that was first published in Guitar World in 2010.He is held in the highest regard by Eric Clapton and Jimmy Page, ...

“It took me a while to learn that guitarists can’t play bass. It’s about more than just getting the notes right”: How Mike Rutherford’s ‘lead bass’ approach helped demystify the low-end for prog rock cornerstone Genesis

One intriguing facet of the Brit Rock phenomenon is the number of talents adept at both guitar and bass guitar, Paul McCartney and Ron Wood among them. Few, however, have ...

“There were nine other bass players. I got the job. Then I was told they were picking me up in three hours for a tour – I had to take it or leave it”: Tony Stevens on his rocky ride with Savoy Brown, Foghat and Midnight Flyer

In 1968 Tony Stevens joined Kim Simmonds’ Savoy Brown, creating several slabs of blues rock mastery for the ages. Alongside Simmonds (guitars), Chris Youlden (vocals), Roger Earl (drums) and ‘Lonesome’ ...

“Right before we started the set, Bill Evans called me on a pay phone. He said, ‘I’m bringing somebody to hear you.’ I said, ‘It’s not Miles, is it?’” How jazz guitar legend Mike Stern ended up joining Miles Davis’ band – and had a son