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Fed's Powell Says No Need to Hurry Rate Cuts
Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell
But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
2h
on MSN
Good news for the economy is looking like bad news for stocks
The “growth scares” that helped spark steep but short-lived losses for stocks in early August and again in early September ...
7h
Voters said Trump won because of the economy. Will Mass. Democrats listen?
Americans sent a pretty clear message that they wanted those in office to focus on making life more affordable,” Governor ...
The Wall Street Journal on MSN
11h
China’s Economy Picks Up, but Still Needs More Help
Friday’s data shows that Beijing’s recent cascade of monetary and fiscal easing measures have yet to fully reinvigorate an ...
1h
on MSN
Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – UK politics live
Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union. 16:03 ...
USA Today
1d
Heading into election, economy looked good — on paper. Here's why that didn't help Harris
"The U.S
economy
is the envy of the world," said Rutgers Business School finance professor Parul Jain. "Why didn’t that ...
18h
Cuba sees growth unlikely in 2024 as hurricanes, earthquakes rattle economy
Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state ...
The Economist
1d
What’s about to hit the world economy?
The conclusion markets seem to be drawing is that things will work out just fine. Although they are alive to risks of ...
5h
on MSN
Hungary's Orbán says sanctions on Russia will 'destroy' EU economy
The European Union must abandon its policy of sanctioning Russia for its war in Ukraine or risk causing an economic collapse, ...
4h
on MSN
India's Economy Climbs World Power Ranking at Japan's Expense
Economic malaise was the biggest factor in the devastating loss handed to Japan's ruling coalition last month.
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