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5 key takeaways from the Federal Reserve's jumbo rate cut
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Jerome Powell says the Fed can cut rates but it can’t fix the housing crisis
The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way.
Fed might have cut rates at July meeting, Powell says
The U.S. central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been, Federal Reserve Chair Jerome Powell said on Wednesday.
Instant Reaction: Powell Defends 50 Point Rate Cut
Curating today’s top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment.
Fed Chair Powell says interest rate cut made to maintain strong U.S. economy
Federal Reserve Chair Jerome Powell said during a Wednesday press conference that the first interest rate cut since 2020 is designed to maintain the strong U.S. economy.
Powell speaks on Federal Reserve decision to cut interest rates
After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the labor market has cooled from its previously overheated state,
Jumbo Rate Cut Was To Defend ‘Basically Fine’ Economy, Powell Says
The rate cut was intended to prevent further deterioration of the formerly roaring labor market. The unemployment rate has risen all year although it's still not high by historical standards. Fed officials aim to bring the economy in for a "soft landing" from the post-pandemic burst of inflation rather than an economic crash.
Fed Chair Powell on additional rate cuts: We're making decisions 'meeting by meeting'
Federal Reserve Chair Jerome Powell takes questions from reporters after announcing that the Central Bank has lowered interest rates by half a point, its first cut since 2020.
13h
News 5 Now at 5:30 (Sept. 19)
A new iPhone feature that could help save lives, over 400 citations given out by Mobile Police and why Escambia County is ...
19h
5 Tech Jobs That Make $100,000 Or More Per Year
From software engineering to emerging roles in AI, the tech sector is ripe with six-figure job prospects. Here are five tech ...
1d
Chicken joints join growing number of restaurants offering $5 meal deals
Popeyes Louisiana Kitchen is the latest to join the "value wars" among fast-food restaurants this summer in an effort to get ...
14h
These Are the Top 11 Savings Accounts That Pay Over 5% and Have Easy Minimums
Despite the Fed cutting rates, you still have plenty of options to earn up to 5.50% on your cash savings—even if you can't ...
22h
on MSN
5 things to look for in Week 3 of the NFL regular season
The Baltimore Ravens desperately need a win, the Kansas City Chiefs look to go 3-0 and more things to look out for in Week 3 ...
1d
Private student loan interest rates drop for 5-year terms and rise for 10-year terms
Through Credible, you can compare private student loan rates from multiple lenders. For 10-year fixed private student loans, ...
1d
The 5 best digital notepads in 2024 will free you from paper clutter forever
Boox is one of the few companies that offers digital notepads and Android tablets with full-color, e-paper displays. The Boox ...
11h
on MSN
Dolly Parton Dishes on a New Cookbook, the ‘9 to 5' Remake and Beyoncé's Country Music Awards Snub
Dolly cooks quite a bit like our mother,” says Rachel Parton George. “It makes me think of Mama.” Now everyone can think of ...
Pew Research Center
1d
5 facts about student loans
About one-third of adults under age 30 have student loan debt. In 2016, the amount students owed varied widely, especially by ...
2d
on MSN
The 5 best electric and battery powered leaf blowers for fall 2024
These electric and battery powered leaf blowers from popular brands make leaf removal and lawn cleanup a breeze.
1d
on MSN
These Are the 5 Most Heavily Shorted Stocks on the NYSE
Understand what a short sale is and why people would want to initiate a short strategy. Learn about the top five most shorted ...
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