Investors raise the odds of a 50-basis point Fed rate cut in September
Jeff Sica of Circle Squared Alternative Investments weighed in on the market sell-off, arguing that the problem lies in the credit markets. Concerns about an impending recession have led some Wall Street economists to Federal Reserve It is likely to approve an unusually large interest rate cut at its next policy meeting in September. A […]
Moody's analyst: Fed made mistake but won't cut rates until September
Moody’s Ratings chief economist Mark Zandi said Monday that the Federal Reserve “clearly” made a mistake by not cutting interest rates but would probably wait until its September meeting to act. “They clearly made a mistake,” Zandi said in an interview with CNN’s Jim Acosta, “and I think that’s now obvious to everybody, including them, […]
Donald Trump says he agreed to debate Kamala Harris on Fox News in September
Donald Trump announced late on Friday night that he has accepted an offer from Fox News to debate Kamala Harris in September. The former president Authentic Social Posts The debate will take place in Pennsylvania on September 4 and will be moderated by Fox News hosts Bret Baier and Martha MacCallum. It is unclear whether […]
Pentagon chief Lloyd Austin revokes plea deal for accused 9/11 plotters | September 11 2001
US Secretary of Defense Lloyd Austin has revoked plea deals for three men accused of involvement in the 9/11 attacks. According to the memo: It was sent to Susan Escalier, who is overseeing the war tribunal hearings. The short-lived agreement came 16 years after the prosecution of the three began. Escalie announced on Wednesday that […]
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, […]