Decision on next Fed chief a rare political battleBy MARTIN CRUTSINGER
“It’s a privilege and delight to see my students, including my own children, grow and contribute meaningfully as achievers and human beings through the years. Much gratitude that my younger daughter, a high school senior, gotadmitted Early Decision to Wharton at UPenn. She’s decided to go...
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stated in a research note. "Today's report will raise confidence within the Fed that inflation is indeed on a sustainable path towards 2%," and opens the door to rate cuts as soon as next month, said Farooqi, adding that the Fed would embark on "a string of modest rate cuts, not pa...
New quarterly economic projections laid out after the meeting show that a majority of Fed officials who participated in the meeting expect rates to fall to 4.6% by the end of 2024, suggesting there will be at least three quarter-point rate cuts next year. Policymakers also penciled in additio...
If the FED rate drops and mortgage rates fall, it could stimulate the housing market which fires up everything. There is a crisis in the multifamily sector for overleveraged builders, but those that get through it will see their sales improve by next spring of 2024. ...
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For instance, while precision irrigation technologies can show water savings of up to 50% in some areas, their applicability in rain-fed regions, which constitute 51% of India's net sown area, is limited. Similarly, the success of agri-tech startups is often concentrated in more developed ...
During the latest FOMC meeting decision, released on May 1, 2024, the Fed again held rates steady at 5.25-5.50%, continuing a pause from an aggressive rate-hiking campaign that began in March 2022 to fight rising inflation.2 The Fed also signaled that it was willing to keep rates steady ...
The rate decision was also accompanied by the quarterly "dot plot" release, which reveals where each Fed board member (represented by an unnamed dot on a graph) predicts the federal funds rate will be at the end of the current year and the next two years. ...