The Federal Reserve on Thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. The expected move by the U.S. central bank provides additional relief to millions of Americans grappling with high borrowing costs. Th...
The Federal Reserve's decision to cut interest rate comes after months of shaky labor market data in the U.S. The unemployment rate stood at4.2% in August 2024 with 7.1 million Americans without work, little changed from recent months. But the jobs picture had darkened notably from a year ...
The Federal Reserve on Wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that U.S. inflation is cooling in earnest. The central bank kept the federal funds rate — or what banks charge each other for short-term...
The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.
do with short-term interest rates, if anything.1Interest rates are closely watched by analysts and economists because these key figures play out in every asset market around the globe. Stock traders almost always rejoice when the Fed cuts rates but does a rate cut equal good news for everyone...
D.(D) The Federal Reserve lowered the discount rate to lubricate credit market. 相关知识点: 试题来源: 解析 B [听力原文]6-10 Washington The Federal Reserve cut interest rates by a modest quarter-percentage point on Tuesday, disappointing Wall Street hopes for bolder action but offering a bit ...
Billionaire Elon Musksaid Sunday the Federal Reserve was "foolish" to not have cut interest rates sooner in the wake of a lackluster jobs report that raised concerns about an economic slowdown. "The Fed needs to drop rates," Musk wrote in a post on X, formerly Twitter. "They have been ...
The minutes of the Federal Reserve’s late-July policy meeting show that most officials supported possible interest-rate cuts at the next meeting in September. The minutes showed that a “vast majority” of officials said an interest rate cut at the September meeting was likely if data co...
Federal Reserve Chairman Jerome Powell said in a statement Friday that he believes the coronavirus outbreak poses "evolving risks to economic activity." Against a backdrop of global and domestic economic uncertainty, the Federal Reserve announced its second interest rate cut of the year ...
The Federal Reserve on Wednesday said it is holding its benchmark interest rate steady, extending a reprieve for borrowers after the fastest series of hikes in four decades. The central bank also indicated it expects three rate cuts in 2024. ...