Fed’s Bowman Says Big Rate Cut Could Be Seen as Claiming Victory Too Soon
Federal Reserve Governor Michelle Bowman said cutting interest rates by a half percentage point this week risked signaling the US central bank was declaring victory over inflation too early.
Emerging-Market Assets Buoyed by Week of Global Stimulus Moves
Developing-world stocks extended their week of gains on Friday as the Federal Reserves rate cut boosted appetite for risky assets, followed by monetary policy action across some of the biggest ...
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% ...
Stocks Slide as Volatile Session Continues
The Dow’s afternoon gains faded as a volatile session for the stock market rolled on. The blue-chip index was down 18 points, or less than 0.4%, after trading higher. The S&P 500 was down 0.4%. The ...
US inflation data cemented big cut for one Fed official, dissent for another
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials, in their first public comments since the U.S. central ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a ...
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in ...
Stock market today: Wall Street hovers around records as FedEx slumps
FedEx dragged on the market with a drop of 13.5% after its profit and revenue for the latest quarter fell short of analysts’ ...
Why Fed bets were so out of whack: Waller explains what put him 'over the edge' for a jumbo rate cut
Federal Reserve Governor Christopher Waller said Friday that it was the August inflation data released during the Fed's blackout period - and not concerns over a weakening labor market - that ...
Fed dissenter Bowman preferred smaller rate cut because 'we have not yet achieved our inflation goal'
Fed governor Michelle Bowman issued a statement Friday explaining her dissent to this week's jumbo rate cut, saying she ...
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US Fed dissenter calls for 'measured' pace of rate cuts
The sole holdout in the US Federal Reserve's 11-to-1 vote cementing a larger interest rate cut said Friday that the move ...
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Stock market today: Wall Street edges back from its records as FedEx slumps
FedEx dragged on the market with a drop of 14.9% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority ...