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….
CPI Inflation Report August 2024:
Prices rose as expected in August, while the annual inflation rate fell to its lowest level since February 2021, according to a Labor Department report released Wednesday that sets the stage for an expected quarter-percentage point interest rate cut by…
The August jobs report on Friday will be great. Here’s what to expect
Andreypopov | Istock | Getty Images Wall Street is preparing for one of the most important economic releases of the year on Friday: The US Department of Labor will publish an employment report that is likely to have a major…
Oil price stable as smaller than expected decline in US inventories offsets supply bottlenecks in Libya
Crude oil storage tanks are seen at the Azzawiya oil refinery in Zawiyah, west of Tripoli, Libya, July 23, 2020. Ismail Zitouny | Reuters Oil prices remained broadly stable on Thursday as a smaller-than-expected draw in U.S. crude inventories and…
Dividend stocks are a hot stock due to the Fed and interest rates heading into the fall
It seems that more investors are eyeing dividend-oriented stocks ahead of the US Federal Reserve’s interest rate decision in September. Paul Baiocchi of SS&C ALPS Advisors thinks this is a good strategy because he expects the Fed to cut interest…
