Surging Unemployment and Recession Risk Cement September Rate Cut
July employment crisis brings interest rate cut forward to September It looks like the market is finally getting what it has been waiting for for over a year.The Federal Reserve cuts interest rates. The July jobs report released on Friday showed the labor market in much weaker shape than previously thought. Economists had expected demand […]
Higher rates to linger, Fed may make cuts in September
Market expectations are for two interest rate cuts by the end of the year. (iStock) The Federal Reserve announced on Wednesday that it plans to keep the federal funds rate in a range of 5.25% to 5.5%, where it has been since last July. Fed Chairman Jerome Powell told reporters: The central bank is increasingly […]
Powell: Fed could cut rates 'as soon as' September if inflation, job market keep cooling
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank could cut interest rates “as early as” September if inflation and the job market continue to cool. After the Fed announced it would keep interest rates steady on Wednesday, Powell said it needed to see a combination of generally healthy economic data, along with […]
Federal Reserve keeps rates unchanged — hints at possible September cut as inflation moderates
The Federal Reserve said Wednesday it would keep interest rates on hold but signaled it could cut rates in September if inflation continues to fall toward its 2% target. The Federal Open Market Committee acknowledged that the economy is moving in the right direction, with job gains, unemployment and inflation trending down, but reiterated that […]
Here’s why XRP could hit $18 in September, according to analysts – Finbold – Finance in Bold
Despite the overall cryptocurrency market downturn, XRP Ledger (XRP) has been on a bullish trend in recent days and is looking to sustain its gains above the crucial $0.60 level. The token is stabilizing above $0.617, showing a slight increase of 3% over the past week. Notably, XRP has outperformed Bitcoin (BTC), rising 26% over […]
Will the Fed Push Back on Expectations for a September Cut?
Soaring inflation upends Fed’s rate cut plans This week’s Federal Open Market Committee (FOMC) meeting The Fed’s resolve will be testedWill the Fed stick to its forecast for one rate cut this year, or will it succumb to financial markets that are pricing in multiple rate cuts this year? When the FOMC met in mid-June, […]
House lawmakers leave DC until September with government shutdown deadline looming
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GDP surges by 2.8%, giving hope for rate cuts in September
GDP is growing at 2.8% annually, which indicates that the economy is doing well. (iStock ) The pleasant surprise was that gross domestic product (GDP) grew 2.8% year-on-year in the second quarter. Advance quote This is good news for the overall economic outlook, as a GDP growth of between 2% and 3% indicates the U.S. […]
Growth and Inflation Are Too Hot for the Fed to Cut in September
Economic growth exceeds expectations Economic growth accelerated more than expected in the spring, weakening the case for rate cuts and The Federal Reserve is still not doing enough to cool the economy We intend to bring inflation down to our 2% target. The Bureau of Economic Analysis said Thursday that real gross domestic product (GDP) […]
Hunter Biden tax trial to begin in September
Hunter Biden’s criminal tax trial will begin on Sept. 9 in California, the federal judge overseeing the legal proceedings announced on Monday. Biden is accused of failing to pay $1.4 million in taxes and filing false tax returns between 2016 and 2019. He is accused of using the money to fund a lavish lifestyle, spending […]