JTFMax: “Powell Puts December Cut on the Back Burner Amid Rate-Cut Déjà Vu” In Washington this week, Jerome Powell, Chair of the Federal Reserve, delivered a not-so-sweet music note to borrowers and big-ticket spenders alike: yes, the Fed trimmed its benchmark rate for the second time this year, but...
DLNews Economy: Fed Finally Blinks: First Rate Cut of the Year Marks a Delicate Pivot WASHINGTON – For the first time this year, the U.S. Federal Reserve has cut its benchmark interest rate, trimming a quarter point to a new range of 4.00 to 4.25 percent. The move signals a cautious but notable shif...
