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Wednesday's Rate Cut Wasn't Necessarily The First Of Many, Fed Chair Powell Says

It has been nearly nine months since the Fed last delivered relief in the form of an interest-rate cut. That pause ended this afternoon, but what now?

PIMCO Recommends Fed Halt Mortgage Unwind To Boost Housing Market

U.S. bond firm PIMCO said the Federal Reserve should consider a halt to the shrinking of its mortgage holdings to boost the U.S. housing market.