Federal Reserve, Powell and US interest rate
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Federal Reserve Chair Jerome Powell said the three rate cuts this year have put the central bank's benchmark interest rate closer to a "neutral" level, meaning it is neither boosting nor holding back the economy.
The Federal Reserve on Wednesday is set to lower borrowing costs again, even as stark divisions persist within the central bank’s powerful rate-setting committee.
The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.
Federal Reserve interest rate decision, Fed Chair Jerome Powell remarks, trade deficit data, earnings from Oracle, Broadcom, GameStop, and Adobe.
Why are US Fed officials divided on an upcoming December interest rate cut? Here's what the market expects and analysts say about the interest rate trajectory ahead of Jerome Powell-led FOMC's policy outcome decision on Wednesday.
The Federal Reserve’s upcoming policy meeting is shaping up to be one of the most fractious in years, with investors fixated on a widening divide among policymakers over a widely expected interest-rate cut and the signals Chair Jerome Powell may send about the months ahead.
The Fed is “well positioned to wait and see how the economy evolves,” Powell added. Fed Chair Jerome Powell is taking questions in a post-FOMC