federal Reserve
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Business
Dow, S&P 500 hit all-time highs
The Dow and S&P 500 scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results…
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Business
Inflation rose 2.4% last month — higher than expected
Inflation came in hotter than expected last month — dimming hopes for another big interest rate cut from the Federal…
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Business
Fed minutes show big rate cut favored by ‘substantial majority’
A “substantial majority” of Federal Reserve officials at the central bank’s September meeting supported beginning an era of easier monetary…
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Business
Fed made ‘mistake’ slashing rates by half a point: Larry Summers
Former US Treasury Secretary Larry Summers says September’s better-than-expected jobs report shows the Federal Reserve’s half-point rate cut was “a mistake.” Following…
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Business
US economy added 254K jobs last month — blowing past forecasts
The economy added a whopping 254,000 jobs last month — blowing past forecasts that predicted a modest rise and diminishing…
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Business
Fed’s Jerome Powell hints at more rate cuts but warns of ‘two-sided’ risks
The US economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest…
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Business
Dow hits all-time high as Wall Street cheers cooling inflation
The Dow jumped more than 400 points Friday to an all-time high after a benign inflation report cleared the way…
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Business
Fed’s Michelle Bowman warns rate cuts declaring victory too soon
A top Federal Reserve official warned Friday that the central bank risks prematurely declaring victory over inflation with its vote…
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Business
Michelle Bowman votes against Fed half-point rate cut — first dissent since 2005
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the…
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Business
When will Americans feel relief from the Fed’s interest rate cuts?
The Federal Reserve’s jumbo interest rate cut Wednesday should lower the rates for home mortgages, auto loans and credit cards…
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