Economy News As Economy Reverses, Expect 3 Rate Cuts This Year Strategist
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The Fed makes a second interest rate cut. Here’s what will — and won’t — change for your money.
At its October rate-setting gathering, the Federal Open Market Committee (FOMC) lowered its benchmark rate by a quarter of a percentage point to a new target range of 3.75%-4%. That’s the lowest level ... Read More
What Citibank’s rate cut tells us about the next big move in the economy
Citibank’s surprise rate cut signals a shift in lending and economic sentiment as markets brace for slower growth. Read More
Fed minutes show policymakers remain concerned about inflation as they weigh rate cuts
The Federal Reserve on Wednesday released the minutes from the central bank's monetary policy meeting last month, which showed that while policymakers anticipate further interest rate cuts, they ... Read More
Federal Reserve cuts key rate as government shutdown clouds economic outlook
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated ... Read More
US economy grows at fastest pace in nearly two years as spending roars back
Fresh government data showed the US economy grew at a much stronger pace than initially estimated – news that dented hopes the Federal Reserve’s will cut rates aggressively in the months ahead. Gross ... Read More
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