Page 27 - Omc News Today

Resources Management Corp CT ADV boosted its position in Omnicom Group Inc. (NYSE:OMC – Get Rating) by 13.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,132 shares of the business services provider’s stock after purchasing an additional 5,216 shares during the period. Resources Management Corp CT ADV’s holdings in Omnicom Group were […]

Market pundits were surprised Wednesday as the U.S. Federal Reserve lifted official interest rates by 0.25 percent, taking the target range to 5.00 to 5.25 percent.

That sent the U.S. dollar down broadly and Treasury yields sliding, with traders taking the comments as a signal for a peak in U.S. rates had been reached and moved to price in rate cuts later this year. In thinned Asian trade on Thursday, the British pound held at a roughly 11-month high of $1.2590, having reached that level in the previous session.

The dollar fell against most major currencies on Thursday after the U.S. Federal Reserve opened the door to a pause in its aggressive tightening cycle, though markets were buffeted by risk aversion amid a rout in regional U.S. bank shares. The Fed on Wednesday raised its benchmark overnight interest rate by a quarter of a percentage point, as expected, but in doing so dropped from its policy statement language that it "anticipates" further rate increases would be needed.

Insider's Phil Rosen previews a key Federal Reserve rate hike as the economy continues to slow.

Omnicom Group Inc. (NYSE:OMC – Get Rating) announced a quarterly dividend on Tuesday, May 2nd, RTT News reports. Investors of record on Friday, June 9th will be given a dividend of 0.70 per share by the business services provider on Friday, July 7th. This represents a $2.80 dividend on an annualized basis and a dividend […]

The focus of investors is now going to shift towards the federal reserve’s policy decision on the most recent rate hike and the commentary of the chairman Jerome Powell on the way forward for the US economy.

Analysts believe that the much- anticipated 25 basis point Fed hike this time will have minimal impact on the strength of Indian markets

The Federal Reserve’s latest move, which raised its benchmark rate to roughly 5.1%, could further increase borrowing costs.

Market pundits were surprised Wednesday as the U.S. Federal Reserve lifted official interest rates by 0.25 percent, taking the target range to 5.00 to 5.25 percent.