The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday.
What to know about a possible rate cut this week
A rate cut would deviate from the policy approach taken by the Fed prior to many recent presidential elections, a Reuters analysis found. Policy rates were left unchanged for six to 12 months before the 2020, 2016, 2012 and 2000 U.S. presidential elections, according to Reuters.
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Old Mutual noted that with inflation under control and consumer demand remaining subdued, the environment seems ripe for a ...
2don MSN
Last year, five people hoping to view the Titanic wreckage died when their submersible imploded in the Atlantic Ocean.
A spokesperson for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of ...
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