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Powell says no rush needed on more rate cuts
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
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.
Fed will reserve judgement about Trump economic policy 'until we know what we're talking about, Powell says
Fed Chair Powell was pressed about how the central bank will alter its policy in the wake of President-elect Donald Trump's victory last week. Economists think that Trump's proposals during the campaign,
UK economy ekes out 0.1% growth in 3rd quarter
UK economy ekes out 0.1% growth in the third quarter, below expectations
The U.K. economy expanded by 0.1% in the third quarter of the year, the Office for National Statistics said Friday.
U.K. Economy Slowed More than Expected in Third Quarter
GDP rose only marginally in the three months through September, with prospects for a rebound uncertain as higher government spending and the threat of increased tariffs on exports to the U.S. are likely to push activity in different directions.
UK economy barely grew in third quarter
The UK economy barely expanded in the third quarter as the dominant services sector lost momentum, underlining the challenge facing the Labour government that has put growth at the centre of its agenda.
1h
on MSN
U.S. economy 'will get stronger' after Trump's election win, CIO says
Tarek Shahin, chief investment officer at CI Capital Asset Management, discusses U.S. market expectations after Donald ...
2h
China’s Economy Picks Up, but Still Needs More Help
Friday’s data shows that Beijing’s recent cascade of monetary and fiscal easing measures have yet to fully reinvigorate an ...
USA Today
21h
Heading into election, economy looked good — on paper. Here's why that didn't help Harris
"The U.S
economy
is the envy of the world," said Rutgers Business School finance professor Parul Jain. "Why didn’t that ...
2h
on MSN
UK economy grows by just 0.1% in Q3
Britain's economy grew by a slower than expected 0.1% in the third quarter of 2024, official figures showed on Friday.
2d
on MSN
Lifelong Dem, who voted Trump, clashes with CBS reporter on the state of the Biden economy
CBS’ Scott Pelley spoke to a long-time Pennsylvania Democratic voter on “60 Minutes" Sunday about why she decided to vote for ...
2h
on MSN
China Economy Stabilizes as Consumption Rises More Than Expected
China’s economy showed signs of stabilization last month, buoyed by the highest retail sales growth in eight months and ...
14h
Cuba sees growth unlikely in 2024 as hurricanes, earthquakes rattle economy
Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state ...
Barron's
13h
Cheaper Holiday Goods Will Give the Economy a Boost Into 2025
That’s good news for the
economy
, too. Slowing goodsinflation has unleashed more consumer spending power. That trend should ...
Opinion
3d
Opinion
‘People Are in for a Really Rude Shock’ on Trump’s Economy
The economist and Times Opinion columnist Paul Krugman details the president-elect’s “seriously inflationary” economic plans.
18h
ECB cut rates to avoid damage to economy, meeting minutes show
The European Central Bank cut interest rates last month to avert unnecessary damage to the economy, with policymakers taking ...
20m
Undocumented immigrant tells CNN he supports Trump 'for the economy'
An undocumented immigrant told CNN in a segment on Thursday that he supported Donald Trump for the economy, but didn't agree ...
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