Tag: unemployment rate
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Wall Street’s New Era Off to Rocky Start Despite Big Fed Cut
(Bloomberg) -- Jerome Powell delivered exactly what traders up and down Wall Street had long hoped for: A big interest-rate cut that would justify...
BofA now expects Fed to go for 75-bp cut in Q4 after bumper rate reduction
(Reuters) - BofA Global Research raised its forecast for the Federal Reserve's anticipated interest rate cuts for the remainder of this year to 75...
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,...
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...
5 ways the Fed’s rate cuts will affect workers and consumers
The Federal Reserve is widely expected to start cutting interest rates this week, marking an inflection point in the economy.The move is expected to have...