What To Expect When You're Expecting A Rate Cut
The Fed cut the Fed funds target rate by 0.50 percent, and for maybe the first time in this entire monetary policy cycle, the ...
CNET5h
Here’s How Much You’ll Earn If You Deposit $2,000 Into This CD Today
If you deposit $2,000 in CommunityWide Federal Credit Union’s one-year CD -- which has one of the highest APYs available ...
New Republic5hOpinion
Mike Johnson Roasted for Not Being Able to Control His Own Party
Multiple city officials and Ohio Governor Mike DeWine have categorically denied the conspiracy, and local authorities have ...
Fed governor explains dissent from 50 basis point rate cut
Federal Reserve Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 ...
Wall Street closes its record-setting week mixed
NEW YORK — A record-setting week for Wall Street closed on a quieter note Friday, as U.S. stocks drifted around the highs ...
Top Fed official warns jumbo rate cut is declaring victory over inflation too soon
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the ...
Access WDUN8h
Biden says Fed made 'declaration of progress' with interest rate cut
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation ...
SF Weekly9h
Stock markets mostly fall after Fed-fueled rally
US and European stock markets mostly retreated Friday following a record-filled rally sparked by a jumbo US interest rate cut ...
The Fed decision's lone dissenter worries the bigger rate cut sends a 'premature victory' message to markets
On Wednesday, the Fed decided on a 50-basis-point cut that brought the Fed's policy rate to a range of 4.75% to 5%. The vote was 11 to 1 in favor of the cut, and Bowman's dissent was the first by a ...
JD Supra9h
Fed Makes a Move: First Rate Cut Since 2020 Signals Economic Shift
This week, the Federal Reserve’s Federal Open Markets Committee (FOMC) decided that its target policy rate range would decrease by 50 basis ...
Fed's Waller: Weak inflation data cemented case for 50 basis point cut
U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank's battle to hike interest ...
The Bond Buyer10h
The economic cloud over the fed's half-point rate cut
Federal Reserve Gov. Michelle Bowman cast the first dissenting vote at an FOMC meeting in years. On Friday, she explained why ...