My colleagues and I remain squarely focused on achieving our dualmandate goals of maximum employment and stable prices for the benefit of the American people. Although some important federal government data have been delayed due to the shutdown, the public and private sector data that have remained available suggest that the outlook for employment and inflation has not changed much since our meeting in September. Conditions in the labor market appear to be gradually cooling and inflation remains somewhat el ...

CONCLUDED Fed Meeting Today: Interest Rates, Quantitative Tightening, Powell Speech, and More Last Updated: 3 hours ago Higher-Income Consumers Are Spending, Lower- Income Households Are Hurting By Sabrina Escobar Saved Articles Watchlist Newsletters Video Center Spending is still powering the U.S. economy as consumer balance sheets remain healthy. "While some households are clearly under stress, in the aggregate, households are negotiating financially relatively manageable levels of debt,†Powell said. Yet, ...

🇺🇸 LATEST: Polymarket users are projecting a 73% chance that the Fed will cut interest rates by 25bps again in December. https://t.co/ztDmRqRDQP ...

Breaking news on the economy. >> The Federal Reserve just announced another cut to interest rates by a quarter of a percentage point. It is the second consecutive cut from the central bank, but it is the first since the government shutdown, which means the Fed had to make this decision without fresh economic data.Joining us now is NBC News senior business correspondent Christine Romans. Christine, we're just getting this news in right now. Talk about the decision.What are the biggest impacts this could have ...

The Federal Reserve cutting interest rates by a quarter point to a new range of 375 to 4%. There were two descents on this. The second one by new Fed Governor Myron who wanted 50. First one by Kansas City Fed President Jeff Smith who wanted no change.So dissents on both sides. A kind of a rare occurrence for the Fed. The Federal Reserve announcing it is stopping quantitative tightening or the roll off of its balance sheet as soon as December.Um, all rolloffs of treasuries from here on out and mortgage back ...

The Fed has cut interest rates by 25 basis points.The bull market can continue. ...

US Federal Reserve cuts interest rates despite government shutdown delaying official datahttps://t.co/1kMBhwzI3i ...

With that Fed decision. Here's Mike McKay. A divided Fed cuts their benchmark lending rate by a quarter percentage point and says they are going to end cut December 1st.There are two dissents as policymakers reset the target range to three, three quarters and 4%. No surprise, Steven Byron dissents in favor of a 50 basis point cut as President Trump wants. And Kansas City Fed President Jeffrey Schmitt dissents on the other side in favor of no move.The Fed's administered rates for interest on reserves and the ...

The US central bank has cut interest rates for the second time this year in a move consistently sought by President Trump. Rates were brought down by a quarter of a percentage point to 3.75%-4%. Unlike the UK, the US interest rate is a range to guide lenders rather than a single percentage. The Federal Reserve, known as the Fed, has opted for the cut despite the absence of economic announcements due to the government shutdown.Latest employment figures were not published, as all non-essential functions of go ...

The Fed just cut interest rates by 25 basis points. The second rate cut this year as officials try to shore up a cooling labor market. With the government still shut down, the Fed is essentially flying blind.No jobs report, no retail sales data, not even a full read on GDP. But policy makers leaned on private data, anecdotal surveys that all point to the same thing. Hiring is slowing.This cut was widely expected. Markets had priced it in at nearly 100%. The big question now is whether this move was the last ...