News list for " early Thursday morning"

The Federal Reserve announced an over-the-top 50 basis point rate cut early Thursday morning, which Powell said was intended to signal policymakers' commitment to maintaining low unemployment after inflation eased. Bank of America was the only large brokerage to raise its forecast for the Fed to cut rates for the rest of 2024 after the Fed slashed rates. The Wall Street brokerage said it expected the Fed to cut rates by 75 basis points in the fourth quarter, after it predicted the Fed would cut ...

2024-09-19 23:12:22