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Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut
The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve president said on Thursday. "They are gambling that they have inflation under control,
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
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 made borrowing painfully expensive for American consumers.
Investors renew focus on inflation data as Fed weighs size of expected September rate cut
Wednesday’s consumer-price index for August may end up being the deciding factor as to whether the Federal Reserve will deliver a bigger-than-usual, 50-basis-point rate cut on Sept. 18.
Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation has eased.
Is inflation cured? Fed’s giant rate cut turns focus to cooling job market
Wall Street traders and borrowers may rejoice at the news, not everyone is thrilled that the Fed zapped its tight money policy.
Fed rate cut: How inflation and home loans have changed
The Federal Reserve has cut its benchmark interest rate for the first time in more than four years, which will have consequences for mortgage rates, car loans and credit card debt. The Fed’s half-point rate cut is a major strategic shift and a sign policymakers believe they’re winning the war against inflation.
‘In a good place’: Federal Reserve cuts key rate by half-point, shifts focus from inflation to jobs
The Federal Reserve 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 made borrowing
Fed Chair Powell: We're not declaring victory over inflation with 50 bps rate cut
Federal Reserve Chair Jerome Powell takes questions from reporters after announcing that the Central Bank has lowered interest rates by half a point, its first cut since 2020.
6h
on MSN
Argument leads to shooting that kills man at a gas station parking lot in Kansas City
One man was killed in a shooting near a gas station east of Highway 71 Thursday morning. Officers responded just after ...
7h
on MSN
Police chase leads to three-car crash on I-70 near Kansas City, suspect on the run
KANSAS CITY, Mo. — A police chase in Independence ended in a three-car crash on Interstate 70 Wednesday night. Independence ...
8h
Chiefs welcome Kareem Hunt back to Kansas City, will ease him into action
While Hunt gets acclimated to his new teammates and the playbook, rookie fullback Carson Steele is expected to start against ...
16h
on MSN
Former Plum firefighter dies after medical emergency during training exercise in Kansas City
A former firefighter in Plum Borough died after suffering a medical emergency during a training exercise with the Kansas City ...
MLive Ann Arbor on MSN
19h
Tigers lineup: Colt Keith won’t start series finale in Kansas City
Detroit Tigers second baseman Colt Keith, left, can't reach the tag as San Diego Padres' Luis Arraez (4) safely steals second ...
3h
Impact Day: Severe storms are possible early tonight in Kansas City
A more active stretch of weather in Kansas City kicked off this morning. Thursday is a First Alert Weather Impact Day. A few non-severe showers and storms this morning will end around lunchtime.
3h
Who is the biggest threat to the Kansas City Chiefs this season?
Stephen A. Smith sees the Bills and Josh Allen as the biggest rivals in the AFC for the Kansas City Chiefs this season.
16h
Detroit Tigers sweep Kansas City Royals with 4-2 win, move to half-game behind Twins
Riley Greene snapped a 1-1 tie with a mammoth homer in the third inning as the Detroit Tigers finished a sweep of the Royals ...
4h
on MSN
Five-time Grammy nominee with deep Kansas City roots returns to town. Here are details
These days, the vocalist, songwriter and pianist flies in from New York to perform in Kansas City on a regular basis, ...
2d
Ghiroli: Why the Kansas City Royals are good for baseball
Not every move the Royals made has worked out. But, like their lineup, the Royals front office has a pretty low whiff rate.
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