The Fed expects to cut interest rates by another half a percentage point before the end of the year
Federal Reserve Chairman Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy on July 31, 2024 in Washington, USA. Kevin Mohatt | Reuters The Federal Reserve has forecast…
Fed cuts key interest rate by half a percentage point
WASHINGTON – The U.S. Federal Reserve on Wednesday decided on its first interest rate cut since the beginning of the Covid pandemic, lowering the key interest rate by half a percentage point to prevent a slowdown in the labor market….
Boeing furloughs “large number” of its employees in wake of strike
Workers with strike signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, U.S., on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Boeing will furlough a “large number” of senior executives, managers and other…
Traders wait for interest rate cut in September
Here you can see the development of consumer interest rates as the markets expect a rate cut by the Fed The Federal Reserve is expected to make its first interest rate cut on Wednesday after more than two years of…
Weekly mortgage demand rises as interest rates fall to two-year low
A house with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Post | Newsday | Getty Images Mortgage rates fell again last week, and expectations that they could fall even further caused demand for…
Merger of Alaska-Hawaii airlines passes review by US Department of Transportation
Alaska Airlines And Hawaiian Airlines The airlines can go ahead with their planned merger, but must preserve the value of their rewards systems and several important routes, the U.S. Department of Transportation said on Tuesday. The two airlines’ $1.9 billion…
The Fed’s biggest interest rate meeting in years will take place on Wednesday. Here’s what you can expect
Federal Reserve Chairman Jerome Powell answers a question from a reporter during a press conference following a meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 31,…
According to CNBC Fed Survey, the Fed cuts interest rates by a quarter of a percentage point and expects a soft landing
The chairman of the US Federal Reserve, Jerome Powell. Andrew Harnik | Given the significant uncertainty surrounding the Federal Reserve’s actions at its meeting this week, respondents to CNBC’s Fed survey are forecasting a slower rate-cutting approach than currently priced…
American Airlines flight attendants ratify new contract with immediate pay increases of over 20%
Julie Hedrick, president of the Association of Professional Flight Attendants (right), announces a strike authorization outside Dallas-Fort Worth International Airport near Dallas on August 30, 2023. Shelby Tauber | Bloomberg | American Airlines The flight attendants agreed to a five-year…
Strike jeopardizes economic recovery and impacts aircraft production
Union members hold strike signs during a press conference following the vote count on the union contract at the main union hall of IAM District 751 in Seattle, Washington, USA, Thursday, September 12, 2024. M. Scott Brauer | Bloomberg |…
