Fed cuts interest rates a half point in landmark policy shift
Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage point, or opt for a larger half-point cut. The tool estimated the probability of a half-point cut at 65% and the odds of a quarter-point cut at 35%.
Federal Reserve Chair Jerome Powell discussed the central bank’s decision to cut interest rates by a half percentage point, ...
The Fed eased any prevailing investor concerns that it's aggressively cutting interest rates because it believes an economic ...
The long-anticipated cut, larger than the typical quarter-percent (25 bps) drop, was the first since the Fed started raising ...
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Investors and economists will find out on Wednesday whether the Federal Reserve sees the greater risk to the employment or ...
Federal Reserve Chair Jerome Powell said on Wednesday still strong levels of liquidity in the financial system will allow the ...
Stocks have shown a lack of direction over the course of the trading session on Wednesday, with traders reluctant to make significant ...
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