Tag: the Federal Reserve
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Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
(Reuters) - The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a...
The Federal Reserve is finally lowering rates. Here’s what consumers should know
NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans,...
Bank of America Takes a Bullish Stance on These 2 Stocks
The Federal Reserve’s FOMC committee will meet today, and with the pace of inflation down to an annualized rate of 2.5%, the conventional wisdom...
JPMorgan’s Jamie Dimon downplays Fed rate cuts: ‘It’s a minor thing’
JPMorgan Chase CEO (JPM) Jamie Dimon is one big Wall Street figure who isn't that concerned about what the Federal Reserve does at the...
Explainer-What does a Fed rate cut mean for American households?
By Lindsay Dunsmuir and Ann Saphir(Reuters) - The Federal Reserve is set to cut U.S. short-term borrowing costs on Wednesday, a watershed moment that...