US dividend ETFs bask in investor attention after jumbo Fed rate cut – Yahoo Finance
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
Fed made ‘mistake’ slashing rates by half a point: Larry Summers
Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” Employers added 254,000 jobs in September, well above the 140,000 increase expected by economists at LSEG, and the unemployment rate fell slightly from a month earlier to 4.1%, the Labor Department said. In response to […]
Biden says Hurricane Helene-hit states ‘very happy’ about fed aid after expressing confusion about ‘which storm’
WASHINGTON – President Biden concluded his second day of touring the damage from Hurricane Helen on Thursday, saying those affected were “very satisfied” with the federal government's response despite widespread criticism. . He then paused for a moment to ask about what the reporter said was trying to figure out “which storm.” Republican critics have […]
Embattled NYC Schools Chancellor David Banks exiting post earlier than expected as fed probe intensifies
New York City Schools' embattled Chancellor David Banks plans to step down from his position in the coming weeks, the Post reports, months earlier than previously planned. Banks announced his retirement from his top post at the Department of Education on September 25, just weeks after federal authorities raided the home he shares with Deputy […]
Fed agencies released noncitizens without ID into US, allowed them to board domestic flights: DHS OIG report
In a new, heavily redacted report, the Department of Homeland Security (DHS) Inspector General (IG) finds that several federal agencies release noncitizens into the United States without background checks and allow them to travel on domestic flights. It was revealed that the risks associated with doing so had not been adequately assessed. In a report, […]
BlackRock’s Larry Fink sounds off on investors expecting huge Fed rate cuts
BlackRock CEO Larry Fink told investors Tuesday. It would be a mistake to think that the Fed will cut rates significantly later this year because billionaire money men believe the U.S. economy will continue to grow. Mr. Fink dismissed market expectations for further rate cuts through the end of the year after Powell cut interest […]
US Dollar Index rises to near 101.00 following Fed Powell remarks to lower rates gradually – FXStreet
The dollar index rose after Fed Chairman Jerome Powell said the central bank would lower interest rates “over time.” The CME FedWatch tool suggests a 61.8% chance that the Fed will cut rates by 25 basis points (bp) in November. The US ISM manufacturing PMI for September is expected to be 47.5, an improvement from […]
Fed will help banks get cash in hurricane affected areas, Powell says
Federal Reserve Chairman Jerome Powell said Monday that the Fed will help local and regional banks in hurricane-hit areas ensure they have enough cash for their customers during the ongoing emergency. said he could assist. “We're able to ensure through the Reserve Bank that banks have cash available, so even if there is an extended […]
The Fed Just Lowered Interest Rates. Here's My Top Vanguard ETF to Buy Now. – Yahoo Finance
announced by the Federal Reserve First interest rate cut in four years. Further interest rate cuts could follow, lowering borrowing costs and stimulating consumer spending on goods and services. The Conference Board's Consumer Confidence Index just posted its biggest single-month decline since August 2021, so lower interest rates won't magically flip a switch and send […]
Newlywed Adams officials David Banks, Sheena Wright may not get ‘pillow talk’ privilege in fed probe: experts
Their “pillow talk” may be fair game. A wedding took place Saturday at the embattled Big Apple school's Martha's Vineyard, and President David Banks and First Vice Mayor Sheena appear to be shielding the couple from possible federal criminal charges. Maybe, but experts say this marriage won't completely protect them. The longtime lovebirds' wedding, which […]