Economy News Economy Relatively Strong Despite High Interest Rates
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Why your card and car loan rates might not drop despite the Fed’s latest cut
The Federal Reserve has cut its benchmark interest rate by a quarter point for the second time since September ... Read More
Federal Reserve cuts key interest rate in bid to boost job market
Mixed signals from a weakening job market, stubborn inflation, roaring AI investments and the government shutdown have forced the Fed into a dilemma. Read More
AI Boosts Economy While Traditional Sectors Face Headwinds
The U.S. economy is experiencing a split recovery, with artificial intelligence driving growth in technology sectors while traditional industries struggle to keep pace. As AI technologies fuel ... Read More
The Fed is expected to cut rates this week — even while the government is shut down
The government shutdown means the latest job numbers haven't been released, but the Fed is still likely to cut. Read More
Fed Cuts Interest Rates Again to Protect Jobs as Economic Risks Grow
The Federal Reserve has once again cut its benchmark interest rate, aiming to revive the stagnant job market and prevent a surge in unemployment by lowering borrowing costs. Read More
The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported
The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest ... Read More
Economic Growth Revised Up: Good News for Workers, but Bad News for Mortgage Rates
The economy's growth in the second quarter of the year was much stronger than previously reported, a development that is good news for the labor market, but will put upward pressure on mortgage rates. Read More
Fed likely to cut rates again despite 'no risk-free' path for policy, analysts say
Analysts expect the Fed to proceed with another quarter-point rate cut, viewing a cooling labor market as a larger concern than inflation. Read More
Fed Chair Powell says hiring slowdown poses economic risks, hinting at more interest rate cuts
Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year. Read More
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