Fed cuts interest rates a half point in landmark policy shift
Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage point, or opt for a larger half-point cut. The tool estimated the probability of a half-point cut at 65% and the odds of a quarter-point cut at 35%.
Federal Reserve Chair Jerome Powell discussed the central bank’s decision to cut interest rates by a half percentage point, ...
Federal Reserve Chairman Jerome Powell suggested migrants are helping drive rising unemployment during a press conference on ...
The long-anticipated cut, larger than the typical quarter-percent (25 bps) drop, was the first since the Fed started raising ...
Federal Reserve Chair Jerome Powell said on Wednesday still strong levels of liquidity in the financial system will allow the ...
Stocks have shown a lack of direction over the course of the trading session on Wednesday, with traders reluctant to make significant ...
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