Fed Meeting Today: FOMC Cuts Rates Again; Powell Says He Will Refuse to Resign if Trump Asks
It was the first meeting of the FOMC since former President Donald Trump’s election victory. Policymakers have said repeatedly that the Fed is apolitical and that their calls on interest rates are driven by economic conditions.
"I'm a little worried that the Fed has declared victory too early," the billionaire investor said on a Norges Bank podcast.
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
FOMC members voted unanimously today to cut the Fed’s five policy rates by 25 basis points, after the 50-basis point cut at ...
US Fed Meeting 2024 Highlights: Latest Updates, Interest Rates, Inflation, and Economic Growth – The federal funds target ...
With a strong economy, booming stock market and the election results, the Fed should probably not cut rates today, and might ...
Jerome Powell-led FOMC last reduced the policy rate by 50 bps for the first time in four years in September after leaving it ...
The Federal Reserve’s Open Market Committee (FOMC) did the expected, cutting the federal funds rate by 0.25%. That means the ...
Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor ...
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