If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.
Read More US consumers could become discouraged without rate cuts, Bank of America CEO says
Category: Business
Wall St edges lower as volatile week draws to a close
Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.
Read More Wall St edges lower as volatile week draws to a close
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.
Read More The Fed has cut rates amid stock swoons before. Not this time
$2.9T ‘Wiped’ From Stock Market, Worst Day Since COVID-19: ‘Recession Fears Mounting’
Concerns of an impending recession are noticeably affecting the U.S. stock market, as a majority of stocks have had large sell-offs.
Read More $2.9T ‘Wiped’ From Stock Market, Worst Day Since COVID-19: ‘Recession Fears Mounting’
Fed likely to hold rates steady one last time as inflation fight finale unfolds
The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfolds
US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Read More US inflation rises moderately, consumer spending cools