Economy News Powell Says Solid Economy Allows Fed To Consider Rate Cuts ‘carefully’
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Fed Cuts Rates; Powell Says Future Cuts ‘Far From’ Certain
The Fed lowered rates by 25 basis points to 3.75%-4.00% at its October meeting. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ... Read More
US Federal Reserve cuts rate by 25 bps: Jerome Powell-led FOMC says economic outlook uncertainty elevated; December cut ‘not a foregone conclusion’
US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4.00 per cent range. But the ... Read More
Fed cuts key rate, but Powell says future reductions are not locked in
WASHINGTON (AP) — 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. But Fed ... Read More
Fed Chair Powell’s Allies Provide Opening for December Rate Cut
A divided committee, missing data and a whiff of stagflation present a choice between two paths—each with drawbacks. Read More
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