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Federal Reserve Likely To Cut Interest Rates In September

Federal Reserve likely to cut interest rates in September due to cooling inflation. Market anticipates positive impact on borrowing and stocks.

Top News · Aug 21, 2024

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool

The Independent UK · Aug 21, 2024

US Jobs Data Point To Weaker Than Expected Market

The US jobs market was probably cooler than expected in the year through March, Labor Department data showed Wednesday, signaling weaker but still-positive growth.

International Business Times · Aug 21, 2024

Famed economist Ed Yardeni predicts it'll be 'one and done' for Fed rate cuts despite Wall Street expectations

Yardeni is unconvinced the data is cool enough to push Chair Powell and his colleagues to multiple cuts: "It'll be dovish but not as dovish as the market is discounting."

Fortune · Aug 21, 2024

Asian Shares Decline Following Wall Street Slip

Asian shares decline, Japan reports trade deficit, focus on Powell's speech, and U.S. economy faces pressure from high interest rates.

Top News · Aug 21, 2024

Stock Market Today: Stocks Snap Lengthy Win Streak

The recent stock market rally ran out of steam Tuesday as sentiment turns cautious ahead of Jackson Hole.

Kiplinger · Aug 20, 2024

Trump Backs Off Push For Direct Control Over Fed Rate Decisions

Trump stated that while he believes the president should be able to voice opinions on interest rates, he does not expect to dictate monetary policy. "It doesn't mean they have to listen, but I think it's fine for a president to talk," Trump said.

International Business Times · Aug 20, 2024

Fed Poised To Cut Interest Rates Amid Job Market Concerns

Federal Reserve prepares for interest rate cuts amid slowing job market and nearing inflation target.

Top News · Aug 20, 2024

Stock Index Futures Tread Water as Investors Brace for Fed Minutes and Powell’s Speech

September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.09% this morning as market participants geared up for the release of the minutes of the Federal Reserve’s latest meeting and comments from Fed Chair Jerome Powell later in the week.

Barchart · Aug 20, 2024

Stock Index Futures Tick Higher on Fed Rate Cut Bets, Powell Speech Awaited

September S&P 500 E-Mini futures (ESU24) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.17% this morning after a strong session on Wall Street amid expectations that the Federal Reserve will soon signal readiness to begin cutting interest rates.

Barchart · Aug 20, 2024