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Fed lowers interest rates, signals more cuts ahead; Miran dissents - Hawaii Tribune-Herald
The Federal Reserve reduced rates by 0.25% to counteract rising unemployment risks and labor market weakness, signaling further cuts in upcoming meetings to support job growth.
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Fed lowers interest rates, signals more cuts ahead; Miran dissents - Hawaii Tribune-Herald
WASHINGTON — The Federal Reserve, goaded by the risk of rising unemployment, reduced interest rates on Wednesday for the first time since December and indicated more cuts would follow to halt any slide in a labor market already experiencing higher joblessness among Blacks, a declining workweek, and other signs of weakness.
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Total News Sources2
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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