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U.S. Economy
Federal Reserve chairman Jerome Powell announced an interest rate cut of 0.25% Wednesday
Federal Reserve chairman Jerome Powell announced an interest rate cut of 0.25% Wednesday, confirming analysts’ expectations of a cut amid softening inflation, a strong consumer economy and an uncertain international trade outlook.
Video News – Fed Leaves Interest Rates Unchanged, Signals no Increases this Year 2019
✅ The announcement comes three months after the central bank said two hikes would be appropriate in 2019.
Brexit vote: EU President Says UK Remaining is only option ‘if a Deal is Impossible, and No one wants No Deal’
The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.
Fed Raises Rates, Turns More Cautious on Outlook for 2019 Hikes
Following the decision, stocks erased gains, 10-year Treasury yields fell and the dollar bounced off its lows of the day. Investors may have been swayed by the Fed’s generally upbeat analysis and expectation of more rate increases than markets anticipate.
If Fed’s ‘50 B’s’ Are Wrong Now, Then When Is Right?
In between tweets about Michael Flynn’s court appearance and Twitter making it hard for him to accumulate followers, President Donald Trump on Tuesday made an eye-catching remark about monetary policy: “Stop with the 50 B’s,” he told the Federal Reserve.
![Fed-Speak: Rate cuts coming [09-09-2024]](https://www.goldsilverreports.com/wp-content/uploads/2017/09/Fed-neal-bhai-reports.jpg)
Fed is Expected to Raise Interest Rates Wednesday
The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years.
Powell Says U.S. Labor Market ‘Very Strong’ by Many Measures
Gold Silver Reports (GSR) — “Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ Powell said in the text of a speech to be delivered to a housing conference in Washington on Thursday. “In fact, by many national-level measures, our labor market is very strong.’’
Crude Just had its Worst Month in a Decade, and its Next Move Depends on Saudi Arabia and Trump
West Texas Intermediate, or U.S. crude, lost 21 percent in November, tumbling to its lowest level in a year and logging its worst performance since October 2008.
Trump is Showing He ‘Actually Wants’ a Trade Deal With China, Stanford Expert Says
Trump’s Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a “long and very good conversation” with China’s president — is one of several “smoke signals” that show the White House truly hopes to resolve its ongoing dispute with the world’s second-largest economy.