Tag: Federal Reserve
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Fed cuts rates anew, further reduction uncertain
The Federal Reserve lowered its benchmark interest rate Wednesday for the second time this year, aiming to support economic growth and hiring even as inflation remains elevated. But Fed Chairman Jerome Powell cautioned that another cut at the central bank meeting in December is far from certain.
T-Bill yields slip as Fed meet nears
Treasury bill rates continued to ease this week as investors bet on the growing likelihood of monetary policy easing, following softer-than-expected inflation data in the US.
Beige Book reinforces prospects of further Fed rate cut
With official jobs data unavailable due to the US government shutdown since October 1, markets turned to the Federal Reserve’s Beige Book for a pulse on the economy. It merely confirmed what previous official data showed—tepid business and economic activity that had earlier spurred the Fed to cut interest rates in hopes of jumpstarting a muted labor market.
Fed chairman suggests further US rate cut
Federal Reserve Chair Jerome Powell on Monday signaled the likelihood of further monetary policy easing, saying recent data suggest little change in inflation and employment conditions since the central bank’s last rate cut in September.
Wall Street end at new highs as indicators suggest Fed rate cut
U.S. stocks closed at record highs Tuesday as investors looked ahead to key inflation reports that could shape the Federal Reserve's next policy move.
