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Fed’s follies mean interest-rate cut won’t ease our economic woes
Because the Fed is in a lose-lose scenario whatever it does: No matter how big or small the cut, it will produce more financial pain for American families. That’s especially troubling given how much people’s budgets are already stretched amid the current cost-of-living crisis.
Fed set to cut interest rates: What it could mean for inflation, economy, jobs
The Federal Reserve will begin a rate-cutting path, as soon as Sept. 18. Inflation and the economy remain hot topics in the presidential election.
The Federal Funds rate 2024: Interest rate set by the Federal Reserve and economic impact
The federal funds rate is the interest banks charge each other for overnight loans. Set by the Federal Reserve, it's a basis for other interest rates.
How Federal Interest Rates Work
Here is a look at the complex system that dictates federal interest rates and how rates could impact your finances. Interest rates can be considered the price of borrowing money. "Quite simply, it's the amount charged to a borrower by a lender for use of an asset,
19h
5 things to know for Sept. 19: Economy, Middle East, Teamsters Union, Baltimore bridge collapse, Severe weather
In a significant shift for the US economy, the Federal Reserve on Wednesday announced a jumbo-sized interest rate cut for the ...
1d
Growing The Economy Through Investment Banking And Generative AI
While investment banking might not seem like a driver, increasing access to investment banking services can be key to growing ...
2d
Here’s how 5 Virginia Beach mayoral candidates say they’d grow economic development, reduce residents’ tax burden
Five candidates are running for mayor in Virginia Beach: Robert “Bobby” Dyer, Richard “RK” Kowalewitch, John Moss, Chris ...
Marketplace
2d
Bill Gates: Solving malnutrition is both a global health and economic imperative
The Bill & Melinda Gates Foundation is focusing on the need to invest in global health in its 2024 Goalkeepers Report.
1d
Naka Nathaniel: Hawaii's Ag System Needs An Overhaul To Promote Food Independence
“We absolutely have the potential to be the breadbasket of the Pacific,” said Noa Kekuewa Lincoln, an assistant professor of ...
13d
‘The sky is not falling’: US economy added 142,000 jobs in August
The US economy appears to be on a knife’s edge, and Friday’s jobs report will be the deciding factor as to the next direction ...
salisburypost
3d
Michael Walden: Can the president control the economy?
By Michael Walden With the presidential campaigns now in full force, one question people are asking is if a president can control the economy. In fact, I’ve had this question put to me by both the ...
11h
Williamsburg City Council candidates discuss their top priorities, possible school system split
Five candidates are running for three spots on Williamsburg City Council: Incumbents Pat Dent, who is currently the vice ...
1d
50 Bp Cut From The Fed As It Looks To Move Rates To Neutral Quickly And Avert Recession
The US Federal Reserve wants to get to neutral quickly as it increasingly prioritises potential jobs weakness at a time when ...
1d
on MSN
Michelin celebrates 50 years in the Upstate and billions of dollars in economic impact
French-based tire company Michelin broke ground on a plant in Anderson. Now, 50 years later, the Upstate leads the U.S. in ...
1d
Fed's Powell says balance sheet drawdown continues amid rate cuts
Federal Reserve Chair Jerome Powell said on Wednesday still strong levels of liquidity in the financial system will allow the ...
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