By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder…
The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December — as the U.S. grapples with a stalling labor market and slower economic growth. The Fed cut reduces the federal funds rate — what banks charge each other for short-term loans — to between 4%…
Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER”…
US stock futures wobbled on Wednesday in the countdown to the end of Federal Reserve’s policy meeting, overwhelmingly expected to usher in the first US interest-rate cut of 2025. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) fluctuated along the flat line, after the major US gauges ended Tuesday little…
“ US stock futures crept down as traders awaited the conclusion of the Federal Reserve’s two-day policy meeting, which is widely expected to to feature the first interest rate cut of 2025. “ Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all slipped…
“ US stocks pulled back from records on Tuesday as the Federal Reserve kicked off its September policy meeting. “ The benchmark S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) slipped roughly 0.1%. The Dow Jones Industrial Average (^DJI) fell about 0.3%. “ In an otherwise light week on economic data, investors received the…
Why the Fed is expected to cut rates for the first time in 2025 – CBS News Watch CBS News The Federal Reserve’s upcoming rate decision is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. Kelly O’Grady has more. Source link
Americans just keep spending. Retail sales in August rose 0.6% from the prior month, more than the 0.2% expected and the latest sign that US consumers continue to be resilient in the face of a labor market that has shown some signs of stress. Excluding spending on cars and gas, sales rose 0.7% last month….
Wall Street closed higher on Monday as investors cheered President Donald Trump’s comments that the U.S.-China trade talks were on a positive track, while they remained focused on the Federal Reserve’s key policy meeting this week. All three major indexes ended in positive territory. The Dow Jones Industrial Average (DJI) rose 0.1%, or 49.23 points,…
Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’ expectations of a 0.2% increase, according to…