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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’
Despite fears of a Taylor Swift effect, hotel and restaurant prices actually fell last month.
Today’s inflation report shows that prices at restaurants and hotels fell by 0.7% in August, compared with July.
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Tag: | Federal Reserve |
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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 ...18 hours ago - Federal Reserve -
The New York Times - Top stories
There Was Nothing Political About the Fed’s Big Interest Rate Cut
If anything, the cutting should have begun earlier.16 hours ago -
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 ...17 hours ago - Federal Reserve -
MarketWatch - Business
After Fed’s 50-basis-point rate cut, where should I invest $50,000? I’m 38 — and have a high risk tolerance.
The U.S. Federal Reserve made its biggest cut to the benchmark rate in 16 years on Wednesday.6 hours ago
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The Guardian - World
Walkie-talkie blasts: attacks on Hezbollah kill 20 as Israel says military focus shifting north
Twenty killed and at least 450 injured in cities across Lebanon a day after exploding pagers killed 12. Analysis: Pager and walkie-talkie attacks were audacious and carefully planned A new ...18 hours ago - Israel -
The Guardian - World
Swedish children to start school a year earlier in move away from play
Compulsory preschool year for six-year-olds to be replaced with extra year in primary school from 2028. Children in Sweden are to start school at six years old from 2028, a year earlier than at ...8 hours ago -
The Guardian - World
Ex-Trump advisers help to grow pro-Russia website that spreads misinformation
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The Guardian - World
Thousands evacuated as Storm Boris causes havoc in northern Italy
Anger as Meloni government accused of lacking will to confront climate crisis. About 1,000 people have been evacuated from their homes in the northern Italian region of Emilia-Romagna overnight ...56 minutes ago -
The Guardian - World
Mohamed Al Fayed accused in BBC documentary of raping five women
More than 20 of Fayed’s former employees tell BBC of sexual assault and of Harrods’ cover-up . The former Harrods owner Mohamed Al Fayed has been accused of raping five women and sexually abusing ...3 hours ago