Federal Reserve – Page 12 – One America News Network

A woman passes by the Dolce and Gabbana store on 5th Avenue in New York City, U.S., May 24, 2021. REUTERS/Brendan McDermid/File Photo

US consumer confidence ebbs in September on labor market fears

U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.

Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner/File Photo

Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner

The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.

NEW YORK, NEW YORK - SEPTEMBER 18: Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. The Federal Reserve is expected to announce its first interest rate cut since March 2020. (Photo by Stephanie Keith/Getty Images)

Wall Street: Dow Skyrockets To All-Time High After Fed Delivers Rate Cut

Wall Street had another big day with the Dow and S&P 500 hitting another intraday record high, just a day after the Federal Reserve cut interest rates by half-a-percentage point and forecasted that more cuts could be coming.

A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly

Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle

Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.

TURKEY-ECONOMY-CURRENCY-DOLLARS-FEATURE A picture taken on December 7, 2021 in Istanbul shows US dollars banknotes. (Photo by Ozan KOSE / AFP) (Photo by OZAN KOSE/AFP via Getty Images)

The Scoop 9/18/24

The Federal Reserve cuts interest rates for the first time in 4 years; and the Teamsters Union declines to endorse a presidential candidate for the first time since 1996. One America’s Zach Petersen has The Scoop.

US Federal Reserve chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024. The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the pandemic, sharply lowering borrowing costs shortly before November's presidential election. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Federal Reserve Meets, Decides To Cut Interest Rates Before 2024 Election

At their meeting on Wednesday, the Federal Reserve cut its benchmark interest rate by a half percentage point, satisfying investors who had been expecting a strong move given the weakening employment picture.