The US economy is strong enough that Fed rate cuts aren't even warranted, JPMorgan strategist says
Most traders expect the Fed to make a big initial rate cut, but one strategist says it's not necessary amid low unemployment and historically low rates.
US Fed rate cut is 'very positive sign' for economy: Yellen
The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.In a separate speech on Thursday,
Stock market today: Wall Street leaps toward records as jubilation sweeps markets worldwide
Wall Street is roaring toward records Thursday as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.5% higher in early trading and above its all-time closing high set in July.
Fed meeting today: Fed decides on aggressive 50 basis-point cut in interest rates.
The upcoming policy update by the Federal Reserve, due in roughly one hour, is being treated as an important moment for many market participants. And there's a number of reasons for this. "Today, we're going to learn how the Fed is going to react to minor economic weakness,
Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, an aggressive start to a policy shift aimed at bolstering the US labor market.
Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
The momentous move by the Fed helps financial markets in two big ways. It eases the brakes off the economy, which has been slowing under the weight of higher rates, and it gives a boost to prices for all kinds of investments.
Fed meeting today: Wall Street on edge over historic interest-rate decision
The U.S. economy is on track to expand at a 2% pace in 2024 and repeat that level of growth for the next three years, the Fed predicted. The Fed slightly lowered its estimate for gross domestic product this year to 2.
Stock market today: Wall Street holds near records after Fed delivers a jumbo-sized cut to rates
Wall Street is holding near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The S&P 500 was
The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
Congress needs to pass a spending bill by September 30 to avoid a partial government shutdown. Dockworkers and ports must ...
The Fed is following its 1995 playbook — and that's great news for stocks and the economy
The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value by the end of the ...
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Poll shows US voters think Harris, Trump on equal footing on economy, crime, Gaza war
AP-NORC survey finds roughly half of voters place healthcare, immigration, abortion and gun policies as top concern; only ...
The US will enter a mild recession as the economy deflates after its boost from unproductive stimulus cash, former Commerce Secretary says
Most of the stimulus cash deployed during the pandemic was "unproductive," which fueled inflation, former Commerce Secretary ...
Yellen on soft-landing prediction: ‘I believe that’s exactly what we’re seeing in the economy’
Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy is making the “soft landing” that she ...
The Chinese economy is faltering — and that means more trade tensions
Growth in the world’s second-largest economy is slowing and stock markets are in decline, but the Chinese government remains ...
One number shows why the economy might not get the immediate relief many hope for
For consumers to get more relief in the form of lower borrowing costs, the 10-year Treasury yield needs to move lower.
US economy on solid ground as retail sales surprise on the upside
WASHINGTON, Sept 17 (Reuters) - U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships ...
Kamala Harris' inaction on US economy the past 3 years speaks louder than her words
The contrast between Kamala Harris’ policies and those of previous Republican administrations could not be starker.
Charting the Global Economy: US Job Growth Softer Than Forecast
US employers added fewer workers in August than forecast and job growth in the prior two months was marked down, further ...