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Fed 50-Basis-Point Rate Cut Could be Seen
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses.
The Federal Reserve cut interest rates for the first time in years as inflation keeps cooling
The Federal Open Market Committee voted Wednesday to lower interest rates by 50 basis points, bringing the federal funds rate down from two-decade highs after more than a year of watching and waiting.
Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
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Fed's preferred inflation gauge and second quarter GDP: What to know this week
Stocks, however, still posted overall wins for the week. The S&P 500 ( ^GSPC) ended the week up about 1.4%. The Dow Jones ...
Cryptopolitan on MSN
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Central banks didn’t get inflation right – and now they never will
Central banks have been fumbling with inflation for years, and it’s safe to say they’ll never get it right. Their strategies ...
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on MSN
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...
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on MSN
Wall Street dips after rate cut rally, dollar firms
Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the ...
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on MSN
Mortgage rates are falling fast, and Fed easing portends much more relief to come
Cooler inflation raises odds of bigger rate cut Jimmy Jean, vice-president, strategist and chief economist at Desjardins ...
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