Fed's Powell Shocks Markets After Interest Rate Cut: 'It's A New Phase'
In a year marked by three consecutive rate cuts totaling 100 basis points, Federal Reserve Chair Jerome Powell said the Fed is shifting gears to a more cautious stance heading into 2025 as interest rates move tantalizingly close to a neutral environment for the economy.
The Fed cited indicators of an expanding economy and an easing labor market after its other rate cuts. This is the third time ...
The Federal Reserve just cut interest rates, but don't get used to falling borrowing costs: they're likely to stay where they ...
The Fed doesn't directly set mortgage rates, but it influences them by making changes to the federal funds rate, the interest ...
The stock market plunged on Wednesday after the Federal Reserve scaled back its expectations for interest rate cuts next year ...
The Federal Reserve cut its influential federal funds rate on Wednesday, but signaled it may be the last cut for a while.
The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly 3%, closing at 5,872.
To be sure, the central bank has emphasized that it will adjust its rate decisions based on incoming economic data. Evidence ...
The US has just had another interest rate cut but Australians are still wondering when they will see their own cost of ...
Traders expect the Federal Reserve to cut interest rates this week while the outlook for 2025 under President-elect Donald ...
LONDON (AP) — The U.K.’s central bank has kept interest rates on hold as inflation moves further above its target rate, ...
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