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Federal Reserve Board Chair Jerome Powell defended the 25 basis point rate cut in the face of a resilient economy and refused to speculate about future moves.
July 31 -
Politics and economics clash as policy makers meet on possible rate cut.
July 30 -
“Growth of 2.1% is better than expected, but highly reliant on a surge in household consumption.”
July 26 -
Durable goods orders rose as non-defense capital goods orders excluding aircraft posted their largest gain since February 2018.
July 25 -
Although new home sales rose for the first time in three months, the rate was lower than expected.
July 24 -
Existing home sales and the Federal Reserve Bank of Richmond’s manufacturing index support a 25 basis point Fed rate cut next week.
July 23 -
While Federal Reserve officials made it clear they intend to cut interest rates at their July 30-31 meeting, not all of the regional presidents are on board with this move.
July 22 -
With a rate cut all but certain at this month’s Federal Open Market Committee meeting, the discussion has again turned to the magnitude.
July 19 -
With the neutral rate of interest rate extremely low, New York Fed President John Williams suggested the keys are acting quickly and keeping rates lower longer.
July 18 -
The economy was chugging along at about the same pace from mid-May through early July as it had in the previous period, according to the Federal Reserve’s Beige Book.
July 17