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New York () – Stocks soared Thursday morning as investors cheered a surprise half-point interest rate cut by the U.S. Federal Reserve. The Dow rose 537 points...
Tag - fed
The latest inflation reading was a bit better than was widely expected when Fed Chairman Jerome Powell said last week that “ the time has come ” to...
“There has been some progress toward the Committee’s 2% target,” the central bank’s Federal Open Market Committee said in a statement...
Investors were excited then by the prospect of looser financial conditions, and organizations like the International Monetary Fund feared that Powell and...
At the end of its two-day meeting, the Monetary Policy Committee (FOMC) also revised upward its inflation forecast in the United States, both for 2024 and...
The greatest changes were recorded in the west of the country, where the percentage of people who reported having suffered a financial impact from natural...
Deutsche Bank must prioritize fixing several of those problems or face “additional and escalating” sanctions, the Fed said, imposing additional...
Bank policymakers opted last month to forgo a new increase to give themselves time to assess the still-unfolding effects of earlier borrowing cost hikes...
“Most participants said that leaving the target range unchanged at this meeting would give them more time to assess the progress of the economy”...
S&P Global said its US PMI Composite Production Index, which tracks the manufacturing and service sectors, fell to 53 this month, the lowest reading since...