U.S. Stocks Rally as Fed Cuts Rates, Projects Further Easing in 2024
U.S. stocks rose following the Fed’s decision, while Treasury yields and the U.S. dollar declined. The Fed expects another 50 basis points of rate cuts in 2024, with additional reductions in subsequent years. Inflation is still elevated, but the Fed has increased confidence it is moving toward the 2% target.
17-18 meeting. FED'S POWELL: ‘THE TIME HAS COME’ FOR INTEREST RATE CUTS Barkin said he was taking a "test-and-learn" approach to rate reductions, likely pointing to his support for an initial ...
Reuters Graphics Richmond Fed President Thomas Barkin calls it a "low-hiring, low-firing mode." "That doesn't feel like something that's going to persist," he said in a Bloomberg podcast last ...
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the ...
For release at 2:00 p.m. EDT September 18, 2024 Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up ...
US FIRMS' ‘LOW FIRING’ APPROACH COULD TURN TO MORE LAYOFFS, FED'S BARKIN WARNS Another food manufacturer wrote, "Agriculture is hurting. No farm bill, weather and falling prices for our ...
Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, discussed factors affecting West Virginia's economy ...
Despite millions of dollar worth of business investment coming to West Virginia, a lack of housing remains a challenge for ...
Protecting against downside risks to the job market is one reason reductions in the Fed's benchmark policy rate are now all but certain to begin at the central bank's Sept. 17-18 meeting.
The U.S. economy is on track to expand at a 2% pace in 2024 and repeat that level of growth for the next three years, the Fed predicted. The Fed slightly lowered its estimate for gross domestic ...
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