federal reserve
Mortgage rates fall to lowest level in more than a year as Fed cut looms
August 8, 2024 | 4:56pmThe average rate on a 30-year fixed-rate loan fell this week to 6.47% -- down from 6.73% last week, according to mortgage broker Freddie Mac.
Goldman Sachs CEO says Fed won't make emergency rate cuts
August 7, 2024 | 12:58pm“The economy will chug along and we probably won’t see a recession,” he said.
Dow jumps over 700 points before giving back gains as Wall Street rebounds after Monday's bloodbath
August 6, 2024 | 11:23amMost megacap and growth stocks, which together lost $200 billion in market value on Monday, gained as Nvidia bounced back 2.3%.
Calls grow for emergency interest rate cut by Fed as recession fears surge: 'They've got to respond'
August 5, 2024 | 10:36amThe US markets were reacting to the bloodbath in Japan, where the Nikkei fell by more than 12% -- its worst day since 'Black Monday' of 1987.
Stock market bloodbath sees Dow, Nasdaq plummet as renewed recession fears trigger global sell-off
August 5, 2024 | 8:51amThe Dow plunged more than 1,000 points, or 2.6%, on Monday. The Nasdaq and S&P 500 lost more than 3%.
Elon Musk says Fed 'foolish' for not cutting interest rates yet
August 4, 2024 | 10:45pmBillionaire Elon Musk said Sunday the Federal Reserve was "foolish" to not have cut interest rates sooner in the wake of a lackluster jobs report that raised concerns about an economic...
Fed rate decision sparks debate after lackluster jobs report
August 2, 2024 | 12:24pmAfter the data traders piled into bets the Fed will deliver a half-point interest-rate cut at its Sept. 17-18 meeting, and keep cutting after that,
Dow plunges 600 points, Nasdaq in correction territory after weak jobs report sparks recession fears
August 2, 2024 | 11:15amthe Dow was on track for its biggest two-day percentage fall since early March 2023.
Dow tumbles nearly 500 points after fresh data ignite fears about slowing economy
August 1, 2024 | 12:07pmThe data raised worries that the US economy could buckle under the accumulated weight of rates that the Fed has been holding at a two-decade high for roughly a year.
Fed keeps rates unchanged — hints at possible cut in September as inflation moderates
July 31, 2024 | 2:35pmThe Federal Reserve announced interest rates will remain unchanged -- but hinted at a possible cut in September if inflation continues to dip downward toward its 2% goal.
Fed's preferred inflation gauge eases in June — fueling optimism for rate cut in September
July 26, 2024 | 9:20amThe central bank’s favored inflation gauge rose at a 2.6% annual rate last quarter, down from 3.4% in the first quarter of the year.
US economy grows faster than expected, Fed on track to finally cut rates
July 25, 2024 | 11:31amSecond-quarter GDP received a boost from consumer spending and business investment. The housing market recovery, however, regressed and was a small drag on the economy.
3.8M illegal immigrants could enter US in 2024, affecting wage growth: Federal Reserve report
July 18, 2024 | 3:40pmA new report from a Federal Reserve branch says 2024 could see millions of illegal border crossings.
US should raise taxes, wait until late 2024 to cut rates, IMF says
July 18, 2024 | 1:47pmThe IMF has been emphasizing the need for more fiscal prudence as US deficits continue to grow despite robust economic growth and as Republicans and Democrats formulate tax and spending...
Two top Fed officials hint rate cuts could come this year as inflation cools: 'Positive signs'
July 17, 2024 | 3:39pmJohn Williams, the president of the New York Fed, said a rate cut won’t be announced at the central bank’s next meeting later this month.
Dow soars more than 700 points, sending Wall Street to new highs on rate-cut hopes
July 16, 2024 | 11:41amThe Dow Jones Industrial Average continued to set record highs Tuesday, boosted by UnitedHealth's strong results and growing confidence that the Federal Reserve will cut interest rates in September.
Fed's Powell condemns assassination attempt on Trump: 'Sad day for our country'
July 15, 2024 | 2:52pm"Political violence has no place in our society, and I condemn it in the strongest terms. I know we all do," Powell said at an event at the Economic Club...
Companies going bankrupt at the fastest pace since 2020 in 'historic surge'
July 11, 2024 | 10:12amBefore this, the highest half-year figure recorded was in 2010, with 437 companies filing for bankruptcy from January through June.
Inflation eases to 3% in June -- stoking bets on Fed rate cut
July 11, 2024 | 8:48amMeasured from a year earlier, inflation for June had been predicted to be 3.1%, down from 3.3% in May.
Fed Chair Jerome Powell focused on soft landing, says inflation fight isn't over
July 10, 2024 | 3:19pmPowell and other Fed officials have said they will not cut interest rates until they have gained even greater confidence that inflation is headed back to the central bank's 2% target...