Economy News As Economy Reverses, Expect 3 Rate Cuts This Year Strategist

Fed cuts interest rates for 2nd time this year, but rejects large reduction sought by Trump

Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point rate cuts over the remainder of the year. By contrast, Trump has called for ... 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

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

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

Would a government shutdown hurt the economy? Experts explain

The federal government is hurtling toward a possible shutdown Tuesday night. The federal government is hurtling toward a possible shutdown at a delicate moment for the nation's economy, as a hiring ... 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

Government shutdowns usually don’t hurt the economy. This time could be different

Government shutdowns can be political earthquakes that paralyze Washington, DC. But for the economy, shutdowns are often barely a blip. Whatever economic damage occurs during that time tends to be ... Read More