The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported.
Read More Fed Cuts Interest Rates By 0.5%; First Cut In Four Years
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath
President Trump launches a new cryptocurrency of his own; and the Federal Reserve might finally make interest rate cuts. One America’s Zach Petersen has The Scoop on the Week Ahead.
Read More The Week Ahead 9/16 – 9/27
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
Read More US import prices post largest drop in eight months
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
Read More Fed expected to deliver quarter-percentage-point rate cut next week
Inflation rose once again in the month of August, causing stir from an outsize rate cut from the Federal Reserve when it meets next week.
Read More Report: Inflation Rises 2.5% In August, Lowering Hopes For Big Rate Cut From Fed