Don't expect relief from high interest rates in the short term, but here's what you can do.
Strong Economy Leaves Fed In No Hurry To Cut Interest Rates, Says Chair Powell
Tiffany Connors, CNET
Fri, 11/15/2024 - 9:25am
Topics: interest rates
BING NEWS:
- Relief from higher rates is uncertain, as Fed signals slower move on cuts
Fed watchers see a greater chance the central bank may skip a rate cut at its last meeting of the year in December.
11/15/2024 - 6:08 am | View Link - Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell
"The economy is not sending any signals that we need to be in a hurry to lower rates," he said, calling the US economy's recent performance "by far the best of any major economy i ...
11/15/2024 - 3:25 am | View Link - Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
11/14/2024 - 11:16 pm | View Link - Stocks end lower after Powell throws cold water on hopes for December interest-rate cut
The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.
11/14/2024 - 6:31 pm | View Link - Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, ...
11/14/2024 - 12:11 pm | View Link - More
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