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 ...

The Federal Reserve this afternoon announced a cut in interest rates of one-half percentage point, higher than the previously ...

The difference between the two possible approaches to the first Fed rate cut since 2020 may sound trivial. After all, Fed officials are expected to launch a flurry of rate reductions now that ...

The Federal Reserve shapes the economy by adjusting the fed funds rate, which directly affects certain borrowing costs for consumers and businesses. Lowering rates tends to benefit those with ...

For example, some sectors and industries historically outperform in lower-rate environments. If Fed rate cuts continue to occur as expected during the final months of 2024 and into 2025 ...

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the ...

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 ...

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 ...

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.