Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
Powell speaks on Federal Reserve decision to cut interest rates
After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the labor market has cooled from its previously overheated state,
How old is the central bank? Who controls it? Here’s a look at the Federal Reserve, which has survived more than 100 years in ...
So long as Americans are talented, U.S.-based growth will be abundant, and will take place without regard to what the Fed ...
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The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute tweaks to positions ...
Wall Street stocks treaded water early Wednesday as markets awaited a Federal Reserve decision that is expected to include the first interest rate cut since 2020.
The U.S. benchmark is down more than 13% in the third quarter, while global benchmark Brent has fallen more than 15%.
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The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S.
One argument for cutting rates by 25 basis points, or 0.25 percentage point, instead of 50 basis points goes like this: The ...
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