Fed Sees No 'Hurry' to Cut Rates as Confidence in Economy Grows, Powell Says
GDI is an alternate measure of economic growth, similar to gross domestic product, but with income rather than output as the yardstick. A gap between the two led Fed officials to worry that output might be weaker than thought, but the two converged when the estimate of GDI was increased.
Judy Shelton responds to Alan Blinder on the Federal Reserve’s aggressive rate cut.
While rate cuts by the Fed typically lower borrowing costs, experts say increased affordability in mortgages could lead to a ...
A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk ...
U.S. stocks’ losses widened on Monday afternoon after Federal Reserve Chair Jerome Powell said in a speech that if the economy performs as expected, the central bank is likely to deliver two more ...
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