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Top WCCB Charlotte News
Federal Reserve · WashingtonThe Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
52% Center coverage: 408 sources
Environment · United StatesTropical Storm Gabrielle formed Wednesday in the Atlantic Ocean but was far from land, forecasters said.The center of Gabrielle re-formed from its morning position and was located about 990 miles (1,600 kilometers) east of the Northern Leeward Islands, the U.S. National Hurricane Center in Miami said. The tropical storm had maximum sustained winds of 50 mph (80 kph) and was moving to the northwest at 14 mph (22 kph), forecasters said.See the Story
Tropical Storm Gabrielle Forms, Ending the Atlantic’s Strange Drought. It Could Become a Hurricane
73% Center coverage: 161 sources
