Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The latest batch of quarterly forecasts from the Federal Reserve showed policy makers have had a change of heart since June about the pace of interest rate cuts in 2024. The latest iteration of the Fed's "dot plot" penciled in two more quarter-point cuts before the end of the year,
Opinion
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic case for a rate cut was overwhelming; the case for a big cut was very strong. Not cutting would have been political. And the Fed didn’t let itself be bullied into inaction.
As common as rate changes are in election years, brand new rate-reduction cycles - a series of cuts that follow either one or ...
10hon MSN
Federal Reserve Chair Jerome Powell said Wednesday that the central bank considered reports that recent jobs numbers may be ...
The echo chamber of prominent economists have tried over the years to fit the Phillips curve to reality. Ditch the Phillips ...
Investor expectations had largely shifted towards a dovish outcome in the days leading up to the Fed's move on Wednesday, ...
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