Tag: Federal Reserve
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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.
Gold soars amid uncertainty, rate cut hopes
A fresh bout of uncertainty and mounting anticipation of a Federal Reserve interest rate cut added glitter to gold, pushing it to a record high on Tuesday.
Fed chair Powell hints at September rate cut
Federal Reserve Chair Jerome Powell signaled Friday that the U.S. central bank may cut interest rates at its next policy meeting in September, citing growing risks to the labor market and ongoing inflation pressures.
