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Tag: Federal Reserve

US Fed Cuts Interest Rate By 50 bps, Jerome Powell Says Upside Inflation Risks Have Diminished – News18

Posted on September 18, 2024 By Admin No Comments on US Fed Cuts Interest Rate By 50 bps, Jerome Powell Says Upside Inflation Risks Have Diminished – News18
US Fed Cuts Interest Rate By 50 bps, Jerome Powell Says Upside Inflation Risks Have Diminished – News18

US Fed Meeting: The US Federal Reserve on Wednesday cut key interest rates by 50 basis points to 4.75-5 per cent. This is the first rate cut in more than four years. The two-day meeting of the Federal Open Market Committee (FOMC), the rate-setting authority in the US, concluded on Wednesday. While addressing the media…

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Business

US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India

Posted on March 7, 2024 By Admin No Comments on US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India
US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India

Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. However,…

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