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Fed's Powell Says No Need to Hurry Rate Cuts
Fed Chair Powell delivers blunt message on interest rate cuts
Marc Short, who served as chief of staff to former Vice President Mike Pence, affirmed President-elect Trump’s decision to appoint Pete Hegseth as secretary of Defense on Wednesday. “Pete served 20 years. He was awarded the Bronze Star twice in Iraq and Afghanistan. He’s somebody that I got to know when he was running Concerned…
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell
But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.
4h
on MSN
Stock Market Today: Stocks extend slide as Powell seeks rate cut patience
Stocks finished lower on Thursday, with another afternoon selloff tied to a jump in Treasury bond yields, this time linked to ...
4h
on MSN
Norman Powell quickly becoming Clippers star team needs
Norman Powell has averaged 26 points in his first year as a starter for the Clippers. His the latest on his increased role.
16h
on MSN
Jerome Powell Really Doesn't Want to Talk Fiscal Policy
Federal Reserve Chair Jerome Powell still would rather not talk about such potential Donald Trump priorities as central bank ...
1d
Lake Powell at Existential Risk As River Basins Head for 'Tipping Point'
Largest-ever modeling analysis reveals traditional water management strategies may fall short as climate pressures mount on ...
2h
on MSN
1 killed in east Columbus shooting
COLUMBUS, Ohio — One person is dead following a shooting in northeast Columbus Thursday night, police said. Officers with the ...
2h
Interstate 270 near Reynoldsburg to face closures, restrictions Saturday morning
Columbus' beltway, Interstate 270, is facing several closures and restrictions near Reynoldsburg Saturday morning, according to the Ohio Department of Transportation. Here's what's shutting down, ...
4h
Person fatally shot in northeast Columbus
COLUMBUS, Ohio (WSYX) — A person was shot and killed in the Mount Vernon neighborhood of Columbus on Thursday night. Columbus ...
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