AFP on MSN7d
US Fed expected to cut rates in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.
Trump chills on threat to oust Fed chairman but wants a say in policy decisions
President-elect says he has no plans to ask or order Powell to step down, in spite of past criticism of the monetary body
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Peter Schiff Says Biden Selling All US Bitcoin Would Be “Good,” Here’s Why
Peter Schiff has explained why the Biden government selling all the country's Bitcoin holdings would be a "good thing."
Dow drops 1,100 points after Fed announces quarter-point rate reduction
Federal Reserve Chairman Jerome Powell on Wednesday announced a 0.25% reduction in the Fed's lending rate, but the Dow posted a 10th straight day of losses.
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.
This week in Bidenomics: Early exit
At the Federal Reserve’s final interest rate-setting meeting of 2024, Chair Jerome Powell revealed that the central bank is starting to factor Trump policies into its monetary policy decisions. Powell didn’t mention Trump by name. But investors clearly understood this elliptical construct as a reference to the incoming president:
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Inflation report shows moderate increase; Fed likely to continue rate cuts as Biden administration touts economic legacy
November's inflation report showed a moderate 2.7% annual increase, which may give the Federal Reserve reason to continue cutting interest rates.
November PCE: Key fed inflation gauge rose 2.4% annually
Softer PCE inflation in November will not accelerate Fed easing
PCE Inflation Lighter Than Expected in November
manilatimes6d
Fed set to cut in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.
Bruce Ledewitz: Donald Trump is inheriting a stronger country thanks to Joe Biden
New York Times columnist Maureen Dowd’s conservative brother writes her column. This year, he crowed about Donald Trump’s victory: “Biden and Harris have left a huge mess. Trump is the right choice to fix it.
Alaska governor asks Trump to roll back restrictions on oil and gas drilling
Alaska Gov. Mike Dunleavy's wish list for the incoming Trump administration includes oil and gas exploration in the pristine Arctic National Wildlife Refuge and reversing restrictions on logging and road-building in a temperate rainforest that provides habitat for wolves,
Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve