A juicy rate cut and new evidence of a surprisingly resilient economy, Yardeni Research calls it ‘nirvana’
The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.
'The time has come': Why the August jobs report keeps the Fed on track for a 25 basis point rate cut
A rebound in the job market in August that still showed signs of cooling is likely to keep the Federal Reserve on track to ...
CD Interest Rates Forecast: Will CD Rates Go Up In 2024?
As the Federal Reserve starts to cut rates, what's happening to interest rates on certificates of deposit (CDs)? After steady ...
Atlanta Fed GDP Tracker Revised To 3.0% Growth In Q3; Focus On Fed's Rate Cut Move Today
We note that the Atlanta Fed GDP tracker was revised yesterday to 3.0% growth in Q3. Benchmark 10-year yields are 3-5 bp ...
WPRI 12 on MSN2d
Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also ...
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
The annual inflation rate in August was 2.5%, but core inflation remained sticky at 3.2%, according to the latest Consumer ...
Fed Goes Big to Protect the Labor Market
The Federal Reserve lowered its benchmark interest rate by a half percentage point on Wednesday, an aggressive start to a ...
Stock futures rise as traders weigh Fed's super-sized rate cut: Live updates
Central bank policymakers trimmed rates by 50 basis points Wednesday. Stocks initially surged, but ultimately closed lower.