Jobs News Prospect Of Second Big Fed Cut Hinges On Powell And Jobs Report

Fed's next rate cut could rescue jobs or crush your wallet

The Federal Reserve’s Federal Open Market Committee (FOMC) is poised to make a critical decision this week regarding a potential interest rate cut. With markets anticipating a 90% chance of a 25 basis ... Read More

US Fed Rate Cut Highlights: Federal Reserve cuts key rate as government shutdown clouds economic outlook

Policymakers voted 10-2 in favor of lowering the bank's key lending rate to between 3.75 percent and 4.00 percent, the Fed said in a statement ... Read More

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone. Read More

Fed Chair Powell says hiring slowdown poses economic risks, hinting at more interest rate cuts

Federal Reserve Chair Jerome Powell on Tuesday emphasized that a sharp slowdown in hiring poses a growing risk to the U.S. economy, a sign that the central bank will likely cut its key interest rate ... Read More

The Fed announces its second rate cut of the year

The Fed announced a quarter-percent cut Wednesday, even as the government shutdown disrupts major data releases like the jobs and inflation. Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this ... Read More

Takeaways: Fed Chair Powell says don’t count on a December rate cut

President Donald Trump has spent much of the year urging the Federal Reserve to deliver aggressive rate cuts in order to boost the economy. But the government shutdown ironically threatens the very ... Read More

Fed still poised to cut rates, but worries mount over US data vacuum

WASHINGTON, Oct 20 (Reuters) - The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key ... Read More