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Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
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Tag: | Federal Reserve |
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Business - The New York Times
Powell Points to Two More Normal-Size Rate Cuts This Year
Jerome H. Powell, chair of the Federal Reserve, said that central bankers will lower rates as much as needed, but have forecast two more quarter-point rate cuts this year.2 hours ago -
Business - Financial Times
Powell signals Fed will revert to quarter-point cut in November
US central bank chair expresses ‘growing confidence’ of soft landing for economy2 hours ago - Federal Reserve -
Business - CNBC
These 3 ugly duckling stocks will become beautiful swans as the Fed cuts rates
The beginning of an interest rate cycle always causes a change in command in the stock market.23 hours ago - Federal Reserve -
Business - CNBC
Why the Fed's rate cut won't immediately help car buyers or sales
Auto loan interest rates remain near decades-high levels of more than 9.61% for a new vehicle and nearly 14% for a used vehicle, according to Cox Automotive.3 hours ago -
Business - MarketWatch
Goldilocks stock-market rally needs jobs data that’s neither too hot nor too cold
Stock-market investors got what they wanted when the Federal Reserve delivered an extra-large September rate cut — the risk now is that strong jobs data in the week ahead could be too much of a ...10 hours ago
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Business - CNBC
East Coast port strike: Truckers, rails scramble to move billions in cargo before ILA union midnight shutdown
A port strike on the East and Gulf coasts is set for Tuesday, the ILA union says. Billions in trade is being rushed out by truck and rail before a shutdown.3 hours ago -
Business - CNBC
AI chipmaker Cerebras files for IPO to take on Nvidia
Cerebras faces competition from Nvidia, as well as cloud providers that have developed in-house chips for running artificial intelligence models.8 minutes ago - Artificial Intelligence -
Business - CNBC
EchoStar's Dish sale marks disappointing end to Charlie Ergen's 'Seinfeld' strategy
EchoStar's sale of Dish to DirecTV for $1 in equity unceremoniously ends Charlie Ergen's 'Seinfeld' strategy1 hour ago -
Business - CNBC
Ford aims to boost EV sales, address owner concerns with new benefits program
The "Ford Power Promise" program begins Tuesday for customers who purchase or lease a new Ford EV such as the F-150 Lightning or Mustang Mach-E.9 hours ago -
Business - CNBC
China stocks just had their best day in 16 years, sending related U.S. ETFs soaring
The Shanghai Composite rallied 8.06% in its best day since September 2008.1 hour ago - China