Fed Chair Powell says interest rate cut made to maintain strong U.S. economy
Federal Reserve Chair Jerome Powell said during a Wednesday press conference that the first interest rate cut since 2020 is designed to maintain the strong U.S. economy.
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.
Trump Says Fed's Rate Cut Was 'Political Move'
Most people thought it was going to be half of that number, which probably would have been the right thing to do," Trump said in an interview with Newsmax. The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction.
Trump seizes on Fed rate cut to open new line of attack on economy
Trump attributed the rate reduction to either a "very bad" economy or to the Fed's "playing politics" to help Democrats.
Federal officials to cut interest rates by half-percent. What it means for Kentuckians
The Federal Reserve moving ahead with its first rate cut in four years on Wednesday, lowering its key interest rate by a hefty half percentage point. With the slowing labor market posing a growing risk to economic expansion,
Fed Outsized Rate Cut Draws Muted Reaction, but Calm May Not Last
One reason for the muted market reaction on a close-to-close basis has to do with how asset prices moved in the days leading up to the Fed decision, said Sonu Varghese, global mac
How the Fed rate cut is playing in Florida
The Federal Reserve on Wednesday moved forward with an aggressive rate cut that’s already recalibrating how Florida politicians talk about the economy. The decision, issued 48 days before the election,
The Fed rate cut affects the US dollar. Should international travelers worry?
Because the rate cut has been forecast for so long, it's largely already been priced into the value of the dollar in international markets. “Exchange rates tend to adjust when a
Leading index for U.S. economy falls for sixth straight month, signaling slower growth ahead
The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is ...
Two Steps Forward, One Step Back For Economy
Jeff Schulze of ClearBridge notes the U.S. market rebounded in August, with jobless claims steady, signaling resilience ...
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Hispanic women fueling US economy, report says
A report from Bank of America found that the Latina contribution to the U.S. economy is significant, and that Hispanic women make up over 30% of labor force growth.
The U.S. economy is strong by one measure. Why the Fed is set to lower borrowing costs anyway.
A giddy Wall Street projects the Federal Reserve will dramatically reduce interest rates over the next year, even though the ...
IMF supports imminent start of US Fed easing cycle as inflation, economy slow
The International Monetary Fund said on Thursday it was appropriate for the U.S. Federal Reserve to begin a long-awaited ...
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A dock workers strike would devastate the US economy, experts say
So far, the story is lurking below the radar. The International Longshoremen’s Association (ILA) is threatening a strike on ...
Are Voters Feeling Better About the Economy?
After another tumultuous weekend in the presidential campaign, Americans are still largely focused on their finances, new ...
US economy on solid ground as retail sales surprise on the upside
WASHINGTON, Sept 17 (Reuters) - U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships ...
Forget interest rates or unemployment. 'Unsustainable' U.S. debt could menace our economy
It was the usual parade of shiny objects — explanations for events that change seemingly with the wind or the politics of the ...
Yellen on soft-landing prediction: ‘I believe that’s exactly what we’re seeing in the economy’
Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy is making the “soft landing” that she ...