It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
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Federal Reserve Board Cuts Prime Rate 50 Basis Points
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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Labor Department Documents Mixed Inflation Cues in August Report
The department also released employment numbers, which missed projections. In its monthly inflation report released Wednesday, the Department of Labor found that the consumer price index increased 0.2…
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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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Labor Department Reports February Employment Numbers
The unemployment rate has returned to pre-pandemic levels. The Labor Department released the February edition of the Job Openings and Labor Turnover Survey, showing there were 1.36 job…
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District Court Judge Blocks Updates to Federal Fair Lending Regulations
Rules that the president’s administration expanded the geographic loan requirements too far. District Judge Matthew Kacsmaryk ruled that President Biden’s administration went too far in its bank loan…
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Treasury Secretary Expects Rent Costs to Go Down This Year
She says she regrets saying inflation was “transitory.” Secretary of the Treasury Janet Yellen shared this week that she believes rent prices will go down overall for the…
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Business and Banking Groups File Suit Against Updated Lending Policy
Changes to the Community Reinvestment Act expanded the geographic range. Multiple U.S. banking and business groups sued the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the…
Read MoreTreasury Secretary Says Prices Are Not Coming Back Down
She says that the economy continues to defy recession. During a speech in Boston in early January, Treasury Secretary Janet Yellen said inflation was cooling and that, in…
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