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Jill Biden Assists at First White House Cabinet Meeting in Almost a Year

First Lady Jill Biden on Friday assisted President Joe Biden, 81, at the first White House Cabinet meeting in nearly a year, reportedly marking her first time attending such a meeting. Biden will step down from the presidential race in January after slurring his words and failing to speak clearly about the challenges facing the […]

US Navy releases plan for meeting Chinese military threat to Taiwan by 2027

The U.S. Navy has released a document outlining its goals for dealing with the growing threat of Chinese military power over the coming years. of U.S. Navy Combat Navigation PlansThe plan, released Thursday, aims to put the Navy in a stronger position against the People's Liberation Army (PLA) by 2027 through stepped-up recruiting and strategic […]

Fed might have cut rates at July meeting: Fed Chair Powell

Federal Reserve Chairman Jerome Powell said Wednesday that the central bank might have started cutting interest rates in late July if it had known the labor market would cool so quickly. “If I had received the July report before the meeting, would I have lowered rates? Probably I would have,” Powell said at a news […]

Federal Reserve begins policy meeting with interest rate cuts on deck

Gregory Daco, chief economist at EY-Parthenon, explained why the Fed will gradually lower interest rates and not be too aggressive in “making money.” of Federal Reserve System Tuesday kicks off a highly anticipated two-day meeting in which policymakers are expected to cut interest rates for the first time in four years as persistent inflation shows […]

Scenarios for trading USD around the FOMC meeting – ForexLive

Below is an eFX summary of a note written by Nomura on the Fed and the US Dollar. For banking ideas, Check out eFX PlusFor a limited time, there's a 7-day free trial available. Basic costs $79/month, and Premium costs $109/month. Get it here. — Synopsis: Nomura expects the US dollar to strengthen initially following […]

3 Democrats call for interest rate cut ahead of pivotal Fed meeting

Three prominent Democrats Federal Reserve Chairman Jerome Powell on Monday called for a 75 basis point interest rate cut, warning that the central bank may have already held off too long. The central bank is due to announce the rate cut on Wednesday after keeping interest rates unchanged at 5.25-5.5 percent, a two-decade high, for […]