The FOMC voted 11-1 to cut the federal funds rate by a quarter percent, setting the interest rate between 4 and 4.25 percent. Federal Reserve Chairman Jerome Powell characterized the rate cut as a ...
Tariffs are fueling a significant chunk of price hikes across the economy, according to a survey of executives released Wednesday. Chief financial officers estimate tariffs are to blame for about ...
Inflation may be down to the Federal Reserve’s target, if we subtract the effect of tariffs. Perhaps, then, the Fed can bring down interest rates more. That’s an implication of research at Harvard ...
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