Federal Reserve Emphasized Labor Market Concerns in Its Statement

28 minutes ago

This month, the Federal Reserve added to its statement on the state of the economy, emphasizing that officials are closely monitoring the labor market.

“Since the beginning of the year, labor market conditions have generally eased and the unemployment rate has increased but remained low,” the statement said. The statement was included.

Members attach great importance to the committee’s statement and craft it in a way that sends a direct message to market participants. The statement is often meticulously revised, with members adding and subtracting sentences from past statements.

Federal Reserve Cuts Impressive Interest Rate by a Quarter Point

35 minutes ago

The Federal Reserve cut its benchmark interest rate by a quarter point on Thursday in a widely anticipated move.

The Fed’s policy committee unanimously cut interest rates. fed funds rate To the range of 4.5%-4.75%, the lowest level since March 2023. The cut is designed to ripple through the economy and reduce borrowing costs on credit cards, auto loans and other debt.

Read more about the decision Here.

Markets Await the Central Bank’s Interest Rate Decision

52 minutes ago

U.S. stocks were in a slight lull in the early afternoon as investors awaited the Federal Reserve’s interest rate decision.

The S&P 500 and Nasdaq Composite fell slightly from their previous peaks, gaining 0.6% and 1.2%, respectively. The Dow Jones Industrial Average fell 0.7% from its previous close.

Major indices rose after Donald Trump won the presidential election best one day performances On Wednesday since 2022.

Follow the stock market’s reaction to the Fed’s decision Here.

What Happened at the Last FOMC Meeting?

1 hour 11 minutes ago

If the Fed cuts its benchmark interest rate today, it would be only the second time since 2020.

At its last meeting in September, the committee fed funds rate up to 50 main points for the first time in four years. Movement started It is expected to be an interest rate reduction campaign designed to reduce the cost of borrowing and stimulate the economy.

This move surprised some Fed watchers, and not all policymakers agreed with the decision. Fed Governor Michelle Bowman voted for a smaller rate cut of 25 basis points.

Read more about the Federal Reserve’s latest meeting Here.

What to Expect from the Fed’s November Meeting?

1 hour 36 minutes ago

Investors and economists are keeping an eye on Federal Reserve officials’ promises for their November meeting.

Fed officials stated the following in their speech before the “blackout period” that will begin on October 26: Gradual interest rate cuts Economists say economic growth over the next few months is normal, and none of the major economic data released since then is surprising enough to shake that perception.

That has economists and traders confident the Fed will cut the benchmark federal funds rate by a quarter point when it decides on Thursday.

Read more about what to expect from today’s meeting Here.