Federal Reserve (Fed) Governor Lisa Cook said late Thursday, she "wholeheartedly supported a 50 bps rate cut." ...

The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts WASHINGTON -- The ...

Inflation is slowing so much that some economists said it could pave the way for another big Fed rate cut, if other data suggest one is warranted. By Jeanna Smialek Inflation cooled in August ...

At a recent September meeting, the Federal Reserve finally cut its benchmark interest rate. The Fed's decision — part of an effort to fight inflation — ended a long period of elevated rates.

On September 18, at precisely 2:00 pm, the Chairman of the Federal Reserve announced a reduction of 50 basis points (½ of 1%) in the Fed Funds target rate. It was the first rate cut in 4 ½ years ...

Behind the scenes, the firm has submitted a third-party review of its risk and control overhauls to the Fed for the central bank’s analysis and sign-off, according to people familiar with the ...

Fed chief Powell is making a speech today (along with a gaggle of other Feds) and some traders are sitting on the edge of their chairs. This is a little silly because Powell hardly ever leaks ...

“The time has come,” stated Fed chairman Jerome Powell back in August at the Jackson Hole central bank symposium. Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a ...

Copyright 2024 The Associated Press. All Rights Reserved. A customer passes an array of beverages while shopping at a grocery store in Chicago, Thursday, Sept. 19 ...

Traditionally, big Fed interest rate cuts and equity prices hovering near all-time highs are ominous signs for the stock market. Large rate cuts – such as those Fed officials approved and ...

Everyone made mistakes in the midst of a once-in-a century event like the pandemic. It is that the Fed was able to course-correct in a careful, deliberate manner and, crucially, without much ...