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%.
Representative payees have received millions of dollars in incorrect payments, according to the findings of a federal audit.
Layoff announcements climbed 193% over the last month, according to a report from the consultancy Challenger, Gray, & ...
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Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
Oil fell on Wednesday after two sessions of gains after an industry report showed increasing U.S. crude and fuel inventories, ...
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto ...
Today, the Federal Reserve cut interest rates to 4.75%-5.00%, signaling concerns over potential economic downturns.
The U.S. public's outlook for inflationary pressures was little changed last month amid an ongoing retreat in current price ...
The paltry CPI report means the Fed will likely only cut interest rates by a quarter percentage point. Wall Street, for ...
U.S. market making firm Citadel Securities no longer feels the necessity to join the ranks of the two dozen securities firms ...
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