High home prices aren't 'something the Fed can really fix,' says Federal Reserve chair Jerome Powell
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MarketWatch - Business
Fed is more worried about labor market than Powell let on, William Dudley says
Federal Reserve Chair Jerome Powell did a “great job” of explaining the reasons for an aggressive interest-rate cut in a “non-scary way,” former New York Fed President William Dudley said Thursday.4 hours ago - Federal Reserve -
CNBC - Business
High home prices aren't 'something the Fed can really fix,' says Federal Reserve chair Jerome Powell
Fed chair Jerome Powell says that high housing prices are a supply problem that the Central Bank can't fix.6 hours ago - Federal Reserve -
CBS News - Top stories
5 key takeaways from the Federal Reserve's jumbo rate cut
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.7 hours ago -
Inc. - Business
Why Fed Chair Powell Is More Important Than Whomever Will Become the Next President
The one in Washington to watch this fall is not Kamala Harris or Donald Trump.8 hours ago - Federal Reserve -
The New York Times - Business
Has the Federal Reserve Pulled Off a Soft Landing?
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.9 hours ago - Federal Reserve -
MarketWatch - Business
A Fed rate cut with the stock market at a record high? Here’s what history says.
Do rate cuts with the stock market at or near all-time highs provide bulls additional fuel or do they portend trouble ahead? Dow Jones Market Data ran back the tape.12 hours ago -
NBC News - Top stories
Federal Reserve cuts interest rate by 0.5%: What it means for you
The Federal Reserve lowered interest rates Wednesday by 0.5% — the first cut since 2020 and the largest reduction in 16 years. NBC’s Christine Romans joins TODAY to break down what the size of the ...13 hours ago - Federal Reserve -
MarketWatch - Business
Car buyers face a stubborn problem that Fed interest-rate cuts can’t solve: record-high prices
The Federal Reserve’s long-awaited interest-rate cut is finally here, but prospective car buyers hoping it will bring down the cost of loans shouldn’t hold their breath, experts say.14 hours ago - Federal Reserve -
Financial Times - World
FirstFT: Fed easing cycle begins as focus moves to protecting jobs
Also in today’s newsletter, Hizbollah reels after twin attacks, and JPMorgan appoints ‘wellbeing’ tsar15 hours ago -
CBS Sports - Sports
What's really behind the NFL's offensive struggles through two weeks and how they can be fixed
"Taking what the defense gives you" isn't working out so well19 hours ago -
CBS News - Top stories
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial ...Yesterday - Federal Reserve -
MarketWatch - Business
Bond market gets a Fed wake-up call after pricing in a recession
Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here’s why.Yesterday -
NBC News - Top stories
Sean Combs' new home — a notorious federal jail — has a 'way of breaking people,' lawyers say
Sean "Diddy" Combs will be held at the the Metropolitan Detention Center, a federal jail known for extreme violence and abominable medical care.Yesterday -
The Hill - Politics
Powell pushes back on suggestion Fed got behind in rate cuts
The Federal Reserve cut interest rates by a half-percentage point Wednesday and is projecting another half-percentage point cut over the course of its remaining two meetings this year, signaling a ...Yesterday - Federal Reserve -
The Guardian - World
Federal Reserve cuts US interest rates for the first time in four years
Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation. What will a Federal Reserve interest rate cut mean for you? The US Federal Reserve cut ...Yesterday - Federal Reserve -
CBS Sports - Sports
Panthers' Bryce Young benched: Dave Canales says trading QB 'not something we're really considering'
Canales says he has a 'great situation' with his quarterbacks right nowYesterday - NFL -
The Guardian - World
Fed chair Jerome Powell says US interest rate cut has nothing to do with election – business live
Powell rejects accusations that timing of rate cut is political and adds US labor market is ‘at a strong place’. What does a Federal Reserve interest rate cut mean for you? Despite fears of a ...Yesterday - Federal Reserve -
CBS News - Top stories
What impact will the Federal Reserve's rate cut have on stocks?
Equities shift to losses as investors digest the Federal Reserve's first interest rate cut since 2020.Yesterday -
ABC News - Top stories
Federal Reserve cuts interest rates for 1st time since 2020
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.Yesterday - Federal Reserve -
NBC News - Top stories
Powell speaks on Federal Reserve decision to cut interest rates
After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the ...Yesterday - Federal Reserve -
NBC News - Top stories
Federal reserve cuts interest rates by 0.5%
The Federal Reserve announced it's cutting interest rates for the first time since the beginning of the Covid-19 pandemic. The rates will be reduced by half a percentage point in effort to cushion ...Yesterday - Federal Reserve -
CBS News - Top stories
Federal Reserve cuts interest rates by 0.50 percentage points
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill ...Yesterday - Federal Reserve -
The New York Times - Business
Fed’s Interest Rate Cut Would Cap a Winning Streak for Harris and Biden on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race.Yesterday - Joe Biden -
The Hill - Politics
Watch live: Fed Chair Jerome Powell speaks on interest rates, economy
Federal Reserve Chair Jerome Powell is expected to announce the first interest rate cuts by the central bank in more than a year on Wednesday afternoon. The Federal Open Market Committee (FOMC) has ...Yesterday - Federal Reserve -
CBS News - Top stories
Interest rates expected cut from Federal Reserve
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's ...Yesterday - Federal Reserve -
CBS News - Top stories
How high will gold prices climb this October? Here's what experts think
Experts are bullish on gold for October, despite some market uncertainty. Here's what investors should consider now.Yesterday -
ABC News - Sports
Napier's plan to fix Florida is now bust, but the Gators aren't quite ready to fire him
Florida coach Billy Napier is on the verge of being firedYesterday - Florida -
The Hill - Politics
Employers say many Gen Z workers aren't prepared for the workplace: survey
Gen Z employees have some work ahead to earn the trust of their bosses.Yesterday -
MarketWatch - Business
Oil prices end higher after exploding-pagers attack on Hezbollah members in Lebanon
Oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time in an apparent attack — raising fears of a broader ...2 days ago -
MarketWatch - Business
Harris’s $25K for home buyers would lift prices, but her housing plan has advantages, economist says
Critics of Kamala Harris’s proposal to give $25,000 to first-time home buyers say it would boost demand and drive prices higher, and one economist who has studied such subsidies agrees. The ...2 days ago -
CBS News - Top stories
What will happen to gold prices after the Fed cuts rates?
Here's what you can expect to happen to the price of gold after the Fed rate cut happens this week.2 days ago - Federal Reserve -
CBS News - Top stories
Map shows average home insurance price in your state as risks rise
Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.2 days ago -
CBS News - Top stories
Many first-time home buyers locked out of market by competition and high prices
Many prospective first-time home buyers feel like they're at a disadvantage as they face high interest rates and competition from a spiking number of all-cash offers. CBS News correspondent Nancy ...2 days ago -
CBS Sports - Sports
Antonio Pierce says 'we've got to fix the Raiders' despite win over Ravens; here's how they can do it
Las Vegas earned a comeback victory, but Pierce said there's still a lot to work on2 days ago -
CBS Sports - Sports
Kirk Cousins says Falcons' comeback win vs. Eagles 'can really change the tale of the season' after facing 0-2
Cousins led a game-winning drive late in the fourth quarter2 days ago - NFL -
CBS News - Top stories
What can revive the American starter home?
Only one-third of American families can afford a starter home in just 10 of the 100 largest cities in the U.S., CBS News found.3 days ago