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Fed, rate cut
Fed's Kashkari says 50 basis points rate cut was 'right decision'
Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday said he supported the U.S. central bank's recent interest rate cut, calling it the "right decision" in light of substantial progress on inflation and the risk of an increase in unemployment.
How Many Times Will the Fed Cut Interest Rates? Here's the Potential Answer.
The FOMC slashed the federal funds rate (the overnight interest rate) by 50 basis points to 4.88% (the rate changes depending on circumstance but will hover between 4.75% and 5%), which was double the 25-basis-point adjustment it normally uses.
Goldman Turns Even More Bullish on Pound After Big Fed Rate Cut
Goldman Sachs Group Inc. is betting the pound will be one of the biggest beneficiaries of prolonged weakness in the dollar after the Federal Reserve slashed interest rates.
2d
Will a Jumbo Interest Rate Cut Be Followed by a Recession? It's Happened Before
The Federal Reserve began what will likely be a campaign of interest rate cuts Wednesday by cutting its influential federal ...
4h
Oil edges higher US interest rate cut counters weak demand
Oil prices rose slightly on Monday after last week's cut to U.S. interest rates and a dip in U.S. crude supply in the ...
3d
on MSN
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
9h
on MSN
China’s Central Bank Announces Rate Cut, Injects Liquidity
China’s central bank lowered a short-term policy rate and pumped more liquidity into the financial system, as it continues ...
2d
Dow finishes week in record territory following Fed's interest rate cut
Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on ...
2d
on MSN
Jamie Dimon: Only 5% of everyday Americans probably know about the Fed’s historic interest-rate cut
JPMorgan Chase CEO Jamie Dimon suggests the half-point interest-rate cut is “a minor thing” that Wall Street — not Main ...
2d
4 expert tips on making the most of your cash after the first interest rate cut in 4 years
Now that the Fed cut interest rates, you might want to make some changes to keep building wealth. Start looking at CDs and ...
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