The Fed Will Cut Interest Rates At Least Twice in 2025, According to Wall Street. Here's What It Means for Stocks The soaring inflation from the pandemic is now in the rearview mirror, so the Federal Reserve is reversing its interest rate hikes from 2022 and 2023. Lower rates could boost consumer spending, which ... 12/6/2024 - 8:27 pm | View Link
Why Powell and the Fed should pause interest-rate cuts in December The conventional wisdom among economists and traders is that the Federal Reserve is going to cut its benchmark interest rate by another quarter of a percentage point on Dec. 18, and then pause at its ... 12/6/2024 - 6:57 am | View Link
Cleveland Fed's Hammack favors slower pace of rate cuts than she did in September Cleveland Fed President Beth Hammack favors taking a slow pace in adjusting the Federal Reserve's policy rate, she said Friday at the City Club of Cleveland, according to prepared text. The strength ... 12/6/2024 - 4:00 am | View Link
Hammack Says Fed ‘At or Near’ Point of Slowing Rate Cuts Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are “at or near” the point where the central bank should slow the pace of interest-rate reductions, citing a strong economy ... 12/6/2024 - 4:00 am | View Link
Fed's Hammack says time to slow rate cuts may have arrived In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as ... 12/6/2024 - 3:04 am | View Link
Denials of health claims rose to 31% in 2024, according to a survey by credit firm Experian.
Jen Watson, a 41-year-old mother in Federal Way, Washington, has worked for years with her doctor to find the right medications to deal with her multiple chronic illnesses, which include epilepsy and fibromyalgia.
In a ‘Meet the Press’ interview, Trump said he was not planning on removing Fed chair Powell upon his return to the White House.
U. S. President-elect Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January.
The U. S. semiconductor company is facing an antitrust probe that could have implications for its business amid escalating signs of a tech trade war.
In a move that underscores growing geopolitical trade tensions, Chinese authorities have reportedly launched an antitrust investigation into U. S. chip giant Nvidia, raising concerns about the implications for foreign businesses operating in the country.
In his interview on ‘Meet the Press,’ Trump also suggested revenge on his political rivals.
Donald Trump said he can’t guarantee that his promised tariffs on key U. S. foreign trade partners won’t raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned.
The social media platform will release its popular year-in-review feature later this month. Here’s everything to know.
At the end of the year, several tech platforms release “year in review” features for their users. For Spotify, that means Spotify Wrapped, which allows music lovers to see the songs they’ve listened to most often over the course of the year.
TikTok asked a federal appeals court on Monday to bar the Biden administration from enforcing a law that could lead to a ban on the popular platform until the Supreme Court reviews its challenge to the statute.
The legal filing was made after a panel of three judges on the same court sided with the government last week and ruled that the law, which requires TikTok’s China-based parent company ByteDance to divest its stakes in the social media company or face a ban, was constitutional.
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If the law is not overturned, both TikTok and its parent ByteDance, which is also a plaintiff in the case, have claimed that the popular app will shut down by Jan.