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Jumbo Rate Cut Was To Defend ‘Basically Fine’ Economy, Powell Says
“The U.S. economy is in good shape,” Powell said. “It's growing at a solid pace. Inflation is coming down. The labor market is in a strong place. We want to keep it there. That's what we're doing. ”
Why rate cuts could actually slow the economy instead of sparking growth
Top strategist David Kelly warns of the hidden dangers of a jumbo-sized rate cut after the Fed's recent decision.
Fed Chair Powell says interest rate cut made to maintain strong U.S. economy
For the first time since 2020, the Federal Reserve on Wednesday cut interest rates as expected amid falling inflation in the U.S. economy. Rates were cut by 50 basis points, or a half percent.
Opinion
The Fed’s interest rate cut reflects an increasingly troubled economy
On Wednesday, the Federal Reserve lowered its benchmark interest rate by half a percentage point. The action will take the rate to between 4.75% and 5% immediately. The Fed also announced more cuts are likely before the end of the year.
The Fed's Powell is cutting interest rates. Here's how the economy will respond.
Fed Chair Jerome Powell’s next steps will have enormous influence over the economy that either Kamala Harris or Donald Trump inherits in January.
Jerome Powell says the Fed can cut rates but it can’t fix the housing crisis
The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way.
Fed might have cut rates at July meeting, Powell says
The U.S. central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been, Federal Reserve Chair Jerome Powell said on Wednesday.
Instant Reaction: Powell Defends 50 Point Rate Cut
Curating today’s top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment.
Jerome Powell’s sunny economic outlook clashes with the Fed’s bold interest rate cut
The Fed cut interest rates by half a percentage point yesterday—the first cut in four years and double the 25 basis points that many expected from the central bank. And yet the markets dipped down, perhaps because of a perceived disconnect between Fed Chair Jerome Powell’s sunny prognosis that “the economy is in good shape” and the committee’s bold action that suggests a possible recession on the horizon.
22h
FOMC Recap: The Fed Sees A Weakening Economy But Won't Admit It
The Fed's aggressive rate cuts reflect a balancing act to avoid panic and achieve a soft landing. Read more to see my ...
13d
The US economy may be on 'thinner' ice than investors think
Investors are increasingly confident the US economy will achieve a "soft landing." That may not be the case, according to one ...
The New York Times
1d
I Worked for the Fed. The Interest Rate Cut Is Only One Step in a Larger Plan.
Where things stand is largely
fine
— the unemployment rate is 4.2 percent ... That naturally led some commentators to worry ...
1d
Obama-Era Economist Says She Is 'Pleasantly Surprised' That JD Vance Thinks The 'Economy Is Too Strong For The Rate Cut'
What Happened: Stevenson, a former Obama administration economic advisor, shared her views on X, stating, “I have to admit ...
2d
on MSN
Morning Bid: Fed's close call - the waiting is almost over
A look at the day ahead in Asian markets. Investors in Asia will be forgiven for any reluctance to take on much risk on ...
1d
Hershey: The Big Picture Is Still Fine
Hershey has seen setbacks due to softening demand. Read why the confectionery giant may still be attractive for investment.
Hindustan Times
8h
Bank of Japan keeps interest rate steady. But is the country's economy fine?
Japan's
economy
expanded an annualised 2.9% in April-June and real wages rose for two straight months in July, easing fears ...
1d
Powell Doesn’t See Signs of Recession Risk in US Economy
Fed watchers are uncertain about whether the FOMC will cut by a quarter or half percentage-point in part because, as Chris ...
1d
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 ...
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