Biden, Economic Club and Fed
Fed delivers oversized rate cut as it gains 'greater confidence' about inflation
The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction, a move aimed at boosting a cooling job market while continuing to push down on inflation.
Citi Trader Who Nailed Fed Rate-Cut Call Comes Away Disappointed
Akshay Singal took little pleasure in getting the Federal Reserve’s rate-cut call right on Wednesday. Sure, the Fed opted for the half-point reduction that Singal, the global head of short-term interest rate trading at Citigroup Inc.
Rates Spark: A Strong Temptation For The Fed To Cut By 25bp
The market is more positioned for a 50bp cut than a 25bp cut. But a 25bp cut would be more measured, and in a way, it has the Fed taking back some control by not bowing to market pressure.
What the Fed’s Big Rate Cut Reveals About the Economy
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
Biden says Fed made ‘declaration of progress’ with interest rate cut
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased.
The Fed Rate Cut May Give Harris a Boost – but Just a Small One
The Federal Reserve’s decision to slash interest rates by half a percentage point will offer relief to American borrowers while giving Wall Street a boost. How much it will reshape the 2024 White House race is unclear, but it may pay a small dividend to Vice President Kamala Harris.
Planning a Renovation? The Fed Rate Cut Means You’ll Want to Start Now.
The Fed’s decision to cut the benchmark interest rate by a half point on Wednesday could spur a new wave of home renovations as more people ready their properties for sale or take advantage of cheaper improvement loans.
WATCH LIVE: Biden speaks at the Economic Club as Fed cuts interest rates before election
President Biden gives remarks at the event in DC after the Federal Reserve's historic move.
'More work to do': Biden praises economic progress following Fed rate cuts
In his first public remarks since the Federal Reserve announced interest rate cuts, President Biden says there is "more work to do" to improve the economy.
Video: LIVE: President Biden touts economic progress following Federal Reserve interest rate cut
President Biden touts economic progress following Federal Reserve interest rate cut U.S. President Joe Biden delivers remarks at the Economic Club of Washington, D.C. The Sun delivers breaking news, latest gossip and incredible exclusives around the world with hubs in London,
Biden to give ‘declaration of progress’ to economic club after Fed cuts
President Biden is set to give remarks at the Economic Club of Washington, D.C., on Thursday, during which he will give a “declaration of progress” a day after the Federal Reserve slashed interest rates.
The Fed's Bold Move: Why NOW Is The Time To Load Up On Dividend Stocks
The Fed's rate cut and focus on economic growth make high-quality dividend stocks, like energy and royalty companies, ...
Fed decision opens the real estate floodgates after four years
"Everybody's happy" about the Federal Reserve's rate cut – at least in real estate – potentially opening the floodgates to ...
Federal Reserve Delivers Bold 0.5% Interest Rate Cut, Signals Further Easing Ahead (UPDATED)
This story has been updated with additional details. The Federal Reserve slashed interest rates by 50 basis points Wednesday ...
S&P spikes higher to new record after Fed delivers supersized 50 basis point rate cut
U.S. stocks on Wednesday moved sharply higher after the Federal Reserve delivered its first interest rate cut since the COVID ...
USD/JPY whipsaws after Fed delivers 50 bps rate cut
USD/JPY plumbed the depths of 140.80 on Wednesday after the Federal Reserve (Fed) dropped a 50 bps rate cut on markets. This ...