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Fed, rate cut
Fed's Kashkari says 50 bps 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.
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% target.
Stock Market Today: Dow futures level off after Fed rate cut rally
Further weakening of the jobs market is the top worry for investors after last week's rate cut of 50 basis points, or half a percentage point, from the Federal Reserve, according to a survey of investors conducted by Piper Sandler's Michael Kantrowitz.
Fed Sees Its Inflation Fight
The Fed sees its inflation fight as a success. Will the public eventually agree?
Consumer surveys show that most Americans remain unhappy with the economy, still bruised by an inflation rate that hit a 4-decade high 2 years ago as the economy rebounded from the pandemic recession.
The Fed thinks it’s won its inflation fight but most Americans are still unhappy with the economy
Most Americans remain unhappy with the economy, still bruised by an inflation rate that hit a four-decade high two years ago as the economy rebounded from the pandemic recession.
The Fed Calls Inflation Fight a Success. When Will the Public Notice?
With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it's all but conquered inflation after three long years. The public at large?
3h
on MSN
Everyday Economics: With rate cut, consumer confidence should improve
Last week, the Federal Reserve delivered its first rate cut since the onset of the COVID-19 pandemic. Historically, ...
3h
Following Fed Rate Cut, Attention Turns to Fresh Data as Polls Shows Economy Boosting Kamala Harris
The Fed’s larger-than-expected half-point cut sent markets soaring and should send consumer borrowing rates down, providing a ...
12d
on MSN
Inflation slowed in August, paving way for interest rate cut
Consumer prices rose 2.5% in August compared to a year ago, slowing more than expected and delivering welcome news for the ...
2h
on MSN
What's the mortgage interest rate forecast for October 2024?
Currently, the Mortgage Bankers Association predicts a 6.5% average mortgage rate by the end of the year (though that ...
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