Chairman says, “I really want to turn this job over to whoever replaces me with the economy in really good shape.” The Federal Reserve Board met this week…
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Federal Reserve Lowers Interest Rate for Second Time in 2025
The most recent CPI numbers showed a slightly lower increase in inflation than anticipated. The Federal Reserve reduced the federal interest rate by .25 percent on Wednesday. Chairman…
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U.S. Treasury Conducts $20 Billion Bailout of Argentina’s Peso
Treasury secretary said, “Argentina faces a moment of acute liquidity.” Treasury Secretary Scott Bessent recently announced that the United States has supported the Argentine Peso with a $20…
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U.S. Jobs Market Exceeded Projections in June
Over 30,000 more jobs than estimated were added to the economy and unemployment dropped .1 percent. The Labor Department’s Bureau of Labor Statistics released employment numbers for June…
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President and Federal Reserve Chair Discuss Interest Rates and Economy
President Trump advocated for the central bank to reduce interest rates now that inflation has stopped. President Donald Trump and Federal Reserve Chair Jerome Powell met in person…
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SEC to Hold Roundtable on Artificial Intelligence
The agency will host discussions on the impact of AI on the financial industry. The Securities and Exchange Commission (SEC) announced a roundtable discussion will be held on…
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Federal Reserve Holds Interest Rates at 4.25 to 4.5 Percent Range
Chairman Powell holds steady as President Trump calls for steeper cuts. The Federal Reserve chose to hold banking interest rates steady at a range of 4.25 to 4.5…
Read MoreFederal Reserve Board Cuts Prime Rate 50 Basis Points
The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
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Federal Reserve Informally Agrees on Interest Rate Cuts
Members point to an unexpected decrease in inflation rates. Federal Reserve members expressed the intent to lower interest rates at the upcoming meeting on September 17 and 18.…
Read MoreLabor Department Reports CPI Declined Slightly in July
The annual inflation rate has not been below 3 percent since March 2021, economists look to Federal Reserve’s next interest rate meeting. President Biden’s administration recently released two…
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