US Fed To Trim Rates Twice More This Year; 2026 Rate Path Very Unclear
The Federal Reserve will lower its key interest rate by 25 basis points next week and again in December, according to a Reuters poll of economists.
The Federal Reserve will lower its key interest rate by 25 basis points next week and again in December, according to a Reuters poll of economists.
This is the worst the jobs market has looked in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic.
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown.
What a difference a year—and an election—can make. Just last fall, the Securities and Exchange Commission was hammering major brokerage firms.
The government shutdown is now the third-longest federal work stoppage in US history and has no end in sight.
Fed governor Chris Waller said he is in favor of trimming interest rates by another quarter percentage point at the end of this month.
Both Treasury Secretary Bessent and US Trade Representative Jamieson Greer slammed China in a joint press conference on Wednesday.