banks
Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
Americans
Unemployment Claims Increase By 33,000 To 258,000: The Highest Level In Over A Year
The number of Americans filing for unemployment benefits just jumped to its highest level in over a year, a new report revealed on Thursday.
Barclays
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.
$160
U.S. Economy Added 142K Jobs In August, Falling Below Expectations
The latest job growth report showed that job additions in August increased but missed economists’ estimates, with the unemployment rate staying nearly the same.
Bank of America
Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.