US Economy News Today: Federal Reserve Officials Downplay Rate Cut Expectations

Federal Reserve speakers will continue to parse incoming data in public speaking engagements and the Fed's turn toward "higher-for-longer" interest rates put more pressure on the housing market. Read More

The Fed could cut rates 5 times in 2025 with the US economy bound to slow, chief economist says

The Fed could cut rates as many as five times next year, as the US economy can't keep its hot pace of growth forever, according to Paul Gruenwald, S&P Global Ratings' global chief economist. Read More

Buttigieg vows federal support to protect 8,000 jobs impacted by Baltimore Key bridge collapse

US Transportation Secretary Pete Buttigieg has ... told reporters on Wednesday that the Biden administration was concerned with the economic impacts looming over the port’s closure, with ... Read More

US immigration

If it comes into effect, Texas' SB4 law could lead to a patchwork of rules across Texas and the US. The group were in a boat that capsized along a route used by people trying to reach the US. Read More

Trump vows he'll have a 'statement' on abortion 'next week'

At a campaign rally here, Trump addressed a question from NBC News: “Do you support the six-week abortion ... “This issue cost us unnecessarily, but dearly, in the Midterms,” he said in ... Read More

Smotrich vows to ‘fight with all our might’ against US sanctions on individual West Bank settlers

Last week, the US informed Israel that its sanctions were not intended to compel Israeli banks to close the accounts of targeted individuals. The post Smotrich vows to ‘fight with all our might ... Read More

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

it remains stubbornly above the Fed's 2% target. Rapid economic growth could reignite inflation pressures, undoing the progress that has been made. In a slew of speeches this past week ... Read More

Dow leaps 400 points to a record close as Fed vows rate cuts are on the way

The S&P 500 gained 0.9% and topped 5,200 for the first time, while the Nasdaq surged more than 200 points, or 1.2% The Fed’s policy statement ... 19 vaccine makers. US-listed shares of BioNTech ... Read More

EU vows 270mn euros for Armenia amid Russia tensions

Blinken said the US was also bolstering its economic support for Yerevan to $65 million this year to aid efforts to make Armenia "a strong, independent nation at peace with its neighbours". Read More