New York Post on MSN2d
Fed slashes interest rates by half a percentage point in bid to curb inflation without causing recession
Wall Street investors had bet that the central bank would opt for a jumbo interest rate cut over a quarter-point cut.
Business Insider on MSN1d
The Fed's rate decision shows its focus has shifted from inflation to the labor market
What caused some to take note was the perceived reason for the depth of the cuts. While inflation has long been seen as the ...
syracuse.com2d
Fed signals end to inflation fight with a sizable half-point rate cut
Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% ...
penncapital-star19h
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...
Diverging Central Bank Strategies: Fed, BoE, and BoJ Face Inflation and Market Risks
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
Biden celebrates lower interest rates, says he never spoke with Fed chairman
President Joe Biden called the Federal Reserve's decision to lower interest rats "good news" and says he never spoke to the ...