Posts in tag

Fed


WASHINGTON — Federal Reserve officials are expected to cut interest rates for a second time on Wednesday, a move that could prove divisive among Fed officials and aggravate President Trump’s anger toward the central bank. The Fed’s rate decision, which will be announced at 2 p.m. in Washington, will be accompanied by a fresh set …

The Federal Reserve will hold a two-day policy meeting this week, where the central bank is expected to announce another cut to its benchmark interest rate. That could bring some good news for prospective homebuyers. MORE FROM FOXBUSINESS.COM… While the Fed does not control mortgage rates, it sets the federal funds rate, which can affect …

10.19am EDT 10:19 Trump mentions scrapped Taliban peace talks at Pentagon’s 9/11 memorial ceremony The president has just finished speaking at the Pentagon’s memorial ceremony for the 18th anniversary of the 9/11 attacks. It’s safe to say he likely went off the teleprompter a bit. Most notably, Trump invoked his scrapped plans to hold peace …

Democrats voiced frustration over their blocked gun-control agenda after Saturday’s shootings in West Texas, with one 2020 presidential candidate tweeting the situation was “f—ed up.” “There is no reason we have to accept this as our fortune, as our future,” former U.S. Rep. Beto O’Rourke said in a video he tweeted that also includes him using profanity about the shooting. The …

U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official. At around 03:00 a.m. ET, Dow futures rose 108 points, indicating a positive open of more than 92 points. Futures on the S&P and Nasdaq were both slightly higher. Market focus is largely attuned …

Since they’ve been together Prince Harry and Meghan Markle have done things their way. But much of their recent behavior has been met with backlash from the public and reportedly has at least one member of Harry’s family concerned. Here’s more on why the prince and his wife’s behavior could be damaging to the future …

Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Chairman Jerome Powell’s comments after the Fed’s expected rate cut are seen as confusing, and market pros say monetary policy has become muddled. The bottom line is the …

The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on …

For the first time since the start of the recession more than a decade ago, the Federal Reserve is poised to cut interest rates in hopes of shielding the 11-year economic expansion from growing global uncertainties. The central bank is expected to announce its decision on interest rates Wednesday at 2 p.m. ET. The gradual …

SAN FRANCISCO (Reuters) – U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That’s the easy part. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on …