WEATHER ALERT
2 days ago
Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Read full article: Federal Reserve is likely to slow its rate cuts with inflation pressures still elevatedAmericans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.
Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?
Read full article: Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth.