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?
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?
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.
President Donald Trump has turned his attention to a long-standing Wall Street practice, reviving a debate that could reshape the flow of information.
James Bullard, the former president of the Fed Bank of St. Louis, said he’d spoken last week with Scott Bessent about becoming central bank chair.
Investor expectations remain intact that the Federal Reserve will cut interest rates at its policy meeting on Wednesday.
A stickier inflation report isn't likely to kick the Fed off course for an interest rate cut next week, but it is likely to prevent a jumbo cut.
The Federal Reserve will cut its key interest rate by 25 basis points on September 17.