The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The FOMC sets a target for the fed funds rate, but banks actually set the rate themselves. The Fed pressures banks to conform to its target with its open market operations. Officials voted to reduce interest rates at two emergency meetings within 13 …
The Fed, meanwhile, will closely monitor key economic reports, including ones focused on inflation and the labor market, prior to its meeting in order to determine Asian trading session whether a rate cut is appropriate. Lower interest rates reduce borrowing costs for consumers and companies, typically stimulating economic growth and profitability. The latest employment numbers …
The Fed, meanwhile, will closely monitor key economic reports, including ones focused on inflation and the labor market, prior to its meeting in order to determine Asian trading session whether a rate cut is appropriate. Lower interest rates reduce borrowing costs for consumers and companies, typically stimulating economic growth and profitability. The latest employment numbers …
The S&P 500 is up 22.9% year to date on optimism the Fed will achieve a “soft landing” for the economy. However, inflation has been sticker than anticipated in some areas of the economy, making the Fed’s path forward difficult and risky. Economists anticipate the FOMC will continue to steadily reduce interest rates through the …
Fed Meeting Today: FOMC Holds Rates Steady, Powell Says Cut in September Is Possible Read More »
