17-18 meeting. FED'S POWELL: ‘THE TIME HAS COME’ FOR INTEREST RATE CUTS Barkin said he was taking a "test-and-learn" approach to rate reductions, likely pointing to his support for an initial ...

Barkin did not comment on whether he was yet convinced that another rate increase would be needed when the Fed meets May 2-3, but said he would be “nimble” and open to options as the Fed works ...

US FIRMS' ‘LOW FIRING’ APPROACH COULD TURN TO MORE LAYOFFS, FED'S BARKIN WARNS Another food manufacturer wrote, "Agriculture is hurting. No farm bill, weather and falling prices for our ...

The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.

The difference between the two possible approaches to the first Fed rate cut since 2020 may sound trivial. After all, Fed officials are expected to launch a flurry of rate reductions now that ...

Reuters Graphics Richmond Fed President Thomas Barkin calls it a "low-hiring, low-firing mode." "That doesn't feel like something that's going to persist," he said in a Bloomberg podcast last ...

The Fed delivered a jumbo-sized rate cut this week. The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal ...

But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday. What made this time different? The jumbo half-point cut the Fed ...

The Federal Reserve this afternoon announced a cut in interest rates of one-half percentage point, higher than the previously ...

U.S. stocks rose following the Fed’s decision, while Treasury yields and the U.S. dollar declined. The Fed expects another 50 basis points of rate cuts in 2024, with additional reductions in ...

Protecting against downside risks to the job market is one reason reductions in the Fed's benchmark policy rate are now all but certain to begin at the central bank's Sept. 17-18 meeting.