federal Reserve
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Business
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting…
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Business
Target sales surge as customers flock to low-cost retailers
Target’s earnings and revenue beat Wall Street’s forecasts in the latest sign that shoppers are flocking to discount chains as…
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Business
Dow surges 400 points, strong retail sales data ease fears of slowdown
The Dow jumped more than 400 points as Wall Street’s main indexes rose about 1% on Thursday as retail sales data for…
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Business
Bear market coming in 2025 over economic slowdown, AI bubble: David Roche
Investor and strategist David Roche expects the economy to enter a bear market in 2025, he said on Monday. The…
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Business
Mortgage rates fall to 6.47%, lowest level in more than a year, as Fed cut looms
Mortgage rates fell to their lowest level in more than a year in a welcome sign for the beleaguered housing…
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Business
Bloodbath on Wall Street as Dow, Nasdaq futures plunge amid recession fears
Wall Street’s main indexes nosedived on Monday, as fears of the United States tipping into recession following weak economic data…
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Business
‘Too much pressure on the brakes’
US central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a…
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Business
US should raise taxes, wait until late 2024 to cut rates: IMF
The International Monetary Fund on Thursday said the Federal Reserve should not cut interest rates until “late 2024” and the…
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Business
Top Fed officials signal possible rate cut as inflation cools
Two top Federal Reserve officials signaled that the central bank may cut interest rates later this year as inflation has…
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Business
Fed Chair Powell condemns assassination attempt on Trump
Federal Reserve Chair Jerome Powell on Monday said he was grateful the injuries that former President Donald Trump suffered during…
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