U.S. Stocks Rally as Fed Cuts Rates, Projects Further Easing in 2024
U.S. stocks rose following the Fed’s decision, while Treasury yields and the U.S. dollar declined. The Fed expects another 50 basis points of rate cuts in 2024, with additional reductions in subsequent years. Inflation is still elevated, but the Fed has increased confidence it is moving toward the 2% target.
For release at 2:00 p.m. EDT September 18, 2024 Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up ...
The Labor Department reported Wednesday that job openings in July fell to their lowest level in more than three years as the ...
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the ...
Another crummy labor-market report could tee up a larger, half-point rate cut, but decent hiring would keep the Fed on track ...
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further ...
Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent..
Despite millions of dollar worth of business investment coming to West Virginia, a lack of housing remains a challenge for ...
Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, discussed factors affecting West Virginia's economy ...
The U.S. economy is on track to expand at a 2% pace in 2024 and repeat that level of growth for the next three years, the Fed predicted. The Fed slightly lowered its estimate for gross domestic ...
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