Fed cuts interest rates a half point in landmark policy shift
Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage point, or opt for a larger half-point cut. The tool estimated the probability of a half-point cut at 65% and the odds of a quarter-point cut at 35%.
Analysis of economic factors driving decision-making, including inflation expectations, risk assets, unemployment rates, and ...
The Recount on MSN21h
"I'm not here to take a victory lap": President Biden says Fed lowering interest rates is a "declaration of progress."No one should confuse why I'm here. I'm not here to take a victory lap. I'm not here to say a job well done. I'm not here to ...
Jay Powell argued this week that the Fed is not 'behind' as it starts rate cuts. His main task in the coming months is to ...
That’s appropriate. Over the past two months, data has indicated that the labor market was not as strong as the Fed ...
The echo chamber of prominent economists have tried over the years to fit the Phillips curve to reality. Ditch the Phillips ...
It might tempt the European Central Bank to consider lowering rates again next month, for a third time since June.
For consumers to get more relief in the form of lower borrowing costs, the 10-year Treasury yield needs to move lower.
Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing ...
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