WATCH: Fed cuts interest rates for second time this year
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WATCH: Fed cuts interest rates for second time this year
The Federal Reserve on Wednesday cut its top-line interest rate by a quarter-point for the second time this year. Speaking to reporters, Chair Jerome Powell said the long-running risk of higher inflation had to be balanced with signs of weakness in the job market. He said another cut this winter is not a guarantee. Adding to the uncertainty ...
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The Federal Reserve cut its benchmark interest rate for a second straight meeting, but Chair Jerome Powell warned another cut in December is not certain — especially with the government shutdown halting key economic data. Powell said there are “strongly differing views” on what to do at the central bank’s next meeting. The Fed lowered interest rates by a quarter point, which brought rates below 4% for the first time since 2022. The 10-2 vote split policymakers: one wanted a bigger cut, another p
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The Federal Reserve cut its benchmark interest rate for a second straight meeting, but
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Fed Chair Jerome Powell Says December Rate Cut “Not a Foregone Conclusion” After Latest Move
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Fed Chair Jerome Powell Says December Rate Cut “Not a Foregone Conclusion”
India Today
Fed Powell Speech
Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News
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Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News
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