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The June jobs report cratered the odds for a July rate cut. Stocks cheered the strong data but dimmer rate-cut views prevented bigger gains.
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?
Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced rates this year if not for potential consumer price hikes.
Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs ...
The odds of a rate cut at the Federal Reserve's next meeting evaporated after a resilient jobs report for June alleviated concerns about a slowing US economy.
President Trump has repeatedly urged Powell to slash interest rates. Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month ...
Goldman Sachs on Monday raised its projection for U.S. interest rates in 2025 to three-quarter-point cuts because of muted tariff effects and labor market weakness.
Whether the Federal Reserve cuts rates in September is now looking like a 50/50 call after June’s inflation data. Traders are pricing in a 50.5% chance of the Fed lowering borrowing costs by a ...
US job market defies expectations of deterioration Labor data closes door on July Fed rate cut Traders now see just two Fed rate cuts by year-end July 3 (Reuters) - Unexpectedly solid job gains in ...
Fed Chair Jerome Powell says tariffs have prevented the rate cuts President Trump badly wants. The Fed remains in wait-and-see mode as it updates its inflation and economic outlook.
A Fed policy rate that low is not typically a sign that the United States is the "hottest" country in the world for investment, as Trump has said. It is usually a crisis response to an economy in ...
While Fed rate decisions influence what you earn on savings, the type of bank and account you choose matters more than actual rate changes, making it important to pick high-yield options that ...