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Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...
What was the Fed rate decision today? The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a ...
Federalist No. 10 is sometimes cited as showing that the Founding Fathers and the constitutional framers did not intend American politics to be partisan. For instance, U.S. Supreme Court justice John Paul Stevens cites the paper for the statement that "Parties ranked high on the list of evils that the Constitution was designed to check". [ 40 ]
The Federal Reserve cut its federal funds rate by a quarter point today following a two-day policy meeting, bringing its benchmark rate to between 4.25% and 4.50%.
That was the big debate among economists ahead of Wednesday's announcement, with some predicting that the Fed would shave its benchmark rate by 0.25 percentage points — the Fed's standard ...
The Fed has a mandate (as legislated by Congress) to maintain price stability. That means keeping inflation increasing at a steady rate of 2% each year, and since it's now expected to accelerate ...
The Fed's 0.25 percentage point cut will provide some added relief for consumers, although the initial benefit will be small, experts say. The Fed is expected to continue cutting rates at its next ...