US EditionFederal Reserve cuts key rate as government shutdown clouds economic outlook
- On Wednesday, Federal Reserve policymakers are expected to cut the benchmark interest rate by a quarter percentage point to shore up a softening job market.
- The government shutdown has choked off much official data and delayed the September job report, while Target cut about 1,000 corporate jobs and the federal payroll fell by about 100,000.
- Waller said `Employers indicate to me that there was some further softening in the labor market last month, while retailers report continued solid spending`.
- A second cut in six weeks would be the Fed's second rate cut after months of steady rates, as a softer labor market could weigh on consumer spending if payroll growth stalls.
- Private forecasters say `Payroll gains have weakened this year and employment may well be shrinking already`, Fed Governor Chris Waller warned earlier this month.
307 Articles
307 Articles
The next key rate reduction is by no means guaranteed, says Jerome Powell. The Fed boss also comments on the question whether the current AI boom is comparable to the dotcom bubble.
Fed Delivers Another Rate Cut
The Federal Reserve cut its key interest rate Wednesday for the second time this year. The quarter-point rate cut, which follows a quarter-point cut last month , was widely expected, the Wall Street Journal reports. The cut lowers the rate to a range of 3.75% to 4%, marking the first...
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nachrichten.atAs expected, the Fed made the decision on Wednesday to reduce the interest rate margin by a quarter to 3.75 to 4 percent
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Fed Cuts Rates Again, Though Mortgage Rates Are Already Down
The Federal Reserve announced a 25-basis-point cut to the federal funds rate at the conclusion of its meeting on Wednesday, Oct. 29. The bankers had shifted into rate-cutting mode back in September with a crop of the same size. A basis point is one one-hundredth of a percentage point, so today’s trim amounts to a
Federal Reserve's Rate Dilemma Amid Economic Uncertainty
Federal Reserve's Rate Dilemma Amid Economic Uncertainty The U.S. Federal Reserve's decision to lower interest rates this week was accompanied by a cautionary assessment of the American economy's uncertain state, as Federal Reserve Chair Jerome Powell emphasized potential future action may not align with past cuts. Powell shared these insights during a post-meeting press conference, highlighting the diverging opinions within the committee on Dec…
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