• Stocks finished mixed as the Fed remains divided over further rate cuts

    1 month ago - By Business Insider

    Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate.
    US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing.
    Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
    US housing starts climbed to in August to the highest level since July 2007 amid a jump in projects for apartments and single-family homes.
    Visit the Markets Insider homepage...
    Read more ...

     

  • Another Slice: Fed Cuts Rates Again, But Stays Cloudy on Next Steps, Disappointing Market

    Another Slice: Fed Cuts Rates Again, But Stays Cloudy on Next Steps, Disappointing Market

    1 month ago - By Forbes

    The Fed used stronger language to discuss spending by the U.S. consumer, and also mentioned the weakening of exports. It's tough for the Fed with the U.S. economy doing pretty well but international economies struggling. This could make next moves hard to predict.
    Read more ...

     

  • Fed approves quarter-point rate cut but is divided on further action this year

    1 month ago - By CNBC

    Investors largely expected the FOMC to cut rates by a quarter point.
    Read more ...

     

  • Fed cuts rate on bank reserves amid repo market turmoil

    1 month ago - By CNBC

    The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.
    Read more ...

     

  • Fed gets more divided, as three members vote against rate cut

    1 month ago - By CNBC

    The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.
    Read more ...