Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
Read More US consumer spending solid in July; inflation rises moderately
Tag: labor market
Fed’s Powell says ‘time has come’ to lower interest rates
Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.
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Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
Jobless Claims Decrease More Than Estimated To Calm Recession Fears For Now
The number of Americans filing new applications for unemployment benefits fell more than expected last week, somewhat easing fears of an unraveling labor market.
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Federal Reserve Holds Interest Rates Steady For 2 Decades, Leaves Door Open For Cuts
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
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Fed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
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