The Fed's 50 basis point rate cut won't do anything to stop a recession, economist David Rosenberg says
"The best thing I ever did was to follow my instincts and judgement and not waver or throw the towel in," David Rosenberg said.
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.
Trump Says Fed's Rate Cut Was 'Political Move'
Most people thought it was going to be half of that number, which probably would have been the right thing to do," Trump said in an interview with Newsmax. The Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction.
Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says
Layoff announcements climbed 193% over the last month, according to a report from the consultancy Challenger, Gray, & Christmas.
What the Fed’s Big Rate Cut Reveals About the Economy
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
Trump seizes on Fed rate cut to open new line of attack on economy
Trump attributed the rate reduction to either a "very bad" economy or to the Fed's "playing politics" to help Democrats.
Federal officials to cut interest rates by half-percent. What it means for Kentuckians
The Federal Reserve moving ahead with its first rate cut in four years on Wednesday, lowering its key interest rate by a hefty half percentage point. With the slowing labor market posing a growing risk to economic expansion,
Fed Outsized Rate Cut Draws Muted Reaction, but Calm May Not Last
One reason for the muted market reaction on a close-to-close basis has to do with how asset prices moved in the days leading up to the Fed decision, said Sonu Varghese, global mac
How the Fed rate cut is playing in Florida
The Federal Reserve on Wednesday moved forward with an aggressive rate cut that’s already recalibrating how Florida politicians talk about the economy. The decision, issued 48 days before the election,
The Fed rate cut affects the US dollar. Should international travelers worry?
Because the rate cut has been forecast for so long, it's largely already been priced into the value of the dollar in international markets. “Exchange rates tend to adjust when a
Goldman Says Millennial Recession Is Dragging Australian Economy
Australia’s ‘millennial’ households — those aged 29-43 years — have experienced the largest decline in their real average ...
The Fed is following its 1995 playbook — and that's great news for stocks and the economy
The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value by the end of the ...
Argentina recession deepens as economy shrinks more than expected
Argentina's economy shrank 1.7% in the second quarter of the year compared to the previous three-month period, the country's ...
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This economy will leave a mark on Gen Z
Many in the youthful cohort grew up during a recession and started their financial lives amid a pandemic. They've taken on a ...
The Federal Reserve Can Neither Cause Nor Deter a Recession
So long as Americans are talented, U.S.-based growth will be abundant, and will take place without regard to what the Fed ...
5 warning signs the economy is spiraling toward recession — and why there's 'major disconnect' between stocks and the job market
"We do not expect this time to be different," says Jon Wolfenbarger.
Triple Top Pattern Locking In For U.S. Recession Probability
“There is a risk of a slowdown and some risk of a recession, not imminently, but in the next few quarters. With inflation ...
Argentina economy forecast to extend recession in second quarter
Argentina's economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the ...
Room for stocks to improve even if economy gets in a recession, says TD Cowen's Jeff Solomon
Jeff Solomon, TD Cowen president, joins 'Money Movers' to discuss the potential impact of today's rate decision, if the ...