Retail sales: Spending is suddenly surging in the US economy’s ... - CNN
WEBAug 15, 2024 · Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB2 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
US retail sales jump in latest sign Federal Reserve may need to …
WEBFeb 15, 2023 · Retail sales, which include spending on food and fuel, rose 3 per cent last month over December’s levels, the Census Bureau said on Wednesday. It was one of the biggest monthly increases of the...
Top Fed official says slowing US retail sales bolster rate cut chances
WEBJun 18, 2024 · A top US Federal Reserve official has said price cuts at big retailers and weaker sales suggest that a slowdown in consumer spending has “finally” begun, increasing the chances that the central...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
WATCH: Federal Reserve Chair Powell speaks after Fed …
WEB2 days ago · WATC H: Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’. In a statement and in a news conference with Chair Jerome Powell, the Fed came closer than it has ...
Federal Reserve News What Happened Today at the Fed Meeting
WEBMay 3, 2023 · What to know about the Fed’s latest move. Federal Reserve officials raised interest rates by a quarter-point on Wednesday in the tenth straight move in their fight against rapid inflation ...
The Fed Suggested That Rate Cuts Could Come Soon
WEBJul 31, 2024 · The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon.
Live: Fed Rate Decision, Powell News Conference
WEBJun 12, 2024 · Fed dials back rate forecasts, signals just one cut in 2024; Policymakers holds key rate in unanimous decision; Inflation still elevated, with progress merely ‘modest’
Fed Cuts Rates by Half Percentage Point - WSJ
WEB1 day ago · The central bank’s decision brings the benchmark federal-funds rate to a range between 4.75% and 5% and follows an all-out fight against inflation launched two years ago.
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