Powell indicates further rate cuts, but insists the Fed is ‘not on any preset course’
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market. Source link
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Jerome Powell
5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day. Source link
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CNBC Daily Open: Markets have finally processed the good news
“Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington.
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Biden claims he’s ‘never once spoken’ to Powell as president, but they met in Oval Office in 2022
President Joe Biden was criticizing Republican nominee Donald Trump for threating the Federal Reserve's independence. Source link
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The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a
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CNBC Daily Open: Markets need time to digest the 50-point cut
Fed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment. Source link
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Fed slashes interest rates by a half-point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday released its decision regarding interest rates. Source link
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Weekly mortgage demand surges 14% higher as interest rates hit two-year low
Mortgage rates don't follow the Fed exactly, but they are influenced by policy and could move on Wednesday's news. Source
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The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
While markets have made up their mind that the Fed is going to cut, there's a vigorous debate over how
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