The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
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Federal Reserve Informally Agrees on Interest Rate Cuts
Members point to an unexpected decrease in inflation rates. Federal Reserve members expressed the intent to lower interest rates at the upcoming meeting on September 17 and 18.…
Read MoreLabor Department Reports CPI Declined Slightly in July
The annual inflation rate has not been below 3 percent since March 2021, economists look to Federal Reserve’s next interest rate meeting. President Biden’s administration recently released two…
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Secretary Yellen Optimistic Heading into World Bank Meetings
She says, “America’s economic strength will continue to underpin global growth.“ Secretary of the Treasury Janet Yellen began the International Monetary Fund and World Bank meetings with financial…
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U.S. Security Official Meets with Argentinian Leaders
He discusses potential U.S. investment in the lithium-rich and inflation-ridden economy. Deputy National Security Advisor Mike Pyle of the National Security Council, met with Argentinian officials on Wednesday…
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Senator Sends Letter to Federal Reserve Chair
Requests the central bank move quicker in reducing assets. Senator Rick Scott of Florida wrote another letter to Federal Reserve Chair Jerome Powell on Wednesday, asking why their…
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Restructure of Federal Reserve Proposed
Legislators recommend reducing the number of regional banks. Outgoing Senator Pat Toomey penned a legislative proposition to reshape the Federal Reserve’s regional banks and nomination process. Supported by…
Read MoreFederal Reserve Increases Rate Again
An additional 0.75 percent marks the fourth straight increase. The Federal Reserve raised interest rates Wednesday by 75 basis points for the fourth straight meeting while hinting at…
Read MoreFederal Reserve Says Business Outlook is Pessimistic
“Beige Book” reflects some easing of inflation. On Wednesday, the Federal Reserve reported that economic activity expanded modestly in recent weeks although it remains flat in some regions…
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World Economists Expect Economic Volatility to Persist
Members of the Federal Reserve participate in an annual economic symposium. Economic leaders from around the world, including members of the U.S. Federal Reserve, participated in an annual…
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