Fed Cutting - QuikReader

Would the Fed ever rely on AI to decide interest rate moves? The risks are high.

Challenges of artificial intelligence directing U.S. central-bank decisions are substantial.

Business - MarketWatch - 8 hours ago

White supremacist planned to blow up power site, feds say

Skyler Philippi, 24, has been charged with attempting to use a weapon of mass destruction and attempting to destroy an energy facility.

Mortgage rates inch up to a 3-month high ahead of Fed meeting

Mortgage applications fell 10.8% in the last week, the Mortgage Bankers Association said.

Business - MarketWatch - Yesterday

The Fed’s ‘temporary’ mortgage-backed security experiment will last decades

It looks like the Fed is stuck with very large, losing “temporary” mortgage-backed securities investments for a long time to come.

Politics - The Hill - Yesterday

Voters Were Fed Up Over Immigration. They Voted for Trump.

Voters across party lines shifted to the right on immigration. They blamed Biden-Harris for failing to control the chaotic border.

Top stories - The New York Times - Yesterday

Fed policy expected to collide with the reality of a second Trump term

The Federal Reserve is set to announce its latest rate decision Thursday — and while it is widely expected to lower its key rate for the second time since September, Donald Trump’s electoral ...

Druckenmiller: I’m worried the Fed declared victory on inflation too early

Legendary investor Stanley Druckenmiller fears a re-run of the 1970s inflationary experience.

Business - MarketWatch - 12 hours ago

How Fed Rates Influence Credit Cards, Loans, Savings and More

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

Business - The New York Times - 9 hours ago

Powell: Fed won't 'speculate' about Trump's impact on economy

The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...

Politics - The Hill - 7 hours ago

Fed Chair says he won't resign if Trump asks him to

Fed Chair Jay Powell said Thursday that he would not resign if president-elect Donald Trump asked him to.

Fed Chair Powell: Election will have 'no effects' on policy decisions

Federal Reserve Chair Jerome Powell said the presidential election will have “no effects” on policy decisions. The fed cut key interest rates a quarter point.

Democrat John Mannion flips crucial Syracuse House seat

Freshman Republican Brandon Williams’ district was a top priority for Democrats.

Politics - Politico - Yesterday

Bank of Canada resorts to jumbo rate cut as growth falters

Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further

World - Financial Times - October 23

OPEC extends oil output cuts

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Politics - The Hill - 3 days ago