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The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Federal Reserve Chair Jerome Powell held a briefing Wednesday afternoon as the central bank was set to cut interest rates for a third time. The Fed first cut rates by half a point in September and ...
Edit Update. Stocks hold steady as Fed’s rate cut arrives. Stocks largely remained unchanged Thursday afternoon after the Fed announced a 25-basis-point interest rate cut.
To fight inflation, Powell guided the Fed’s steep jump from near-zero interest during the COVID-19 pandemic to more than 5 percent between March 2022 and May 2023.
The Fed chose to keep interest rates steady on Wednesday, holding off on another increase despite two consecutive months of accelerating inflation. Previous… Watch live: Fed Chair Jerome Powell ...
The briefing is slated for 2:30 p.m. ET. Watch the live video above. Federal Reserve Chairman Jerome Powell will on Wednesday afternoon hold a press briefing at which he is expected to announce a ...
Powell will have to convince legislators that he can fight inflation without risking dragging down the economy. Democratic lawmakers in particular are concerned that the Fed might weaken the ...
Federal Reserve Chair Jerome Powell is slated to deliver a high-profile speech in Jackson Hole, Wyo., Friday morning about how the central bank sees the economy and what its next steps may be.