WEATHER ALERT
Federal Reserve is set to cut interest rates for the first time in 4 years
Read full article: Federal Reserve is set to cut interest rates for the first time in 4 yearsWith inflation barely above their target level, Fed officials have been shifting their focus toward supporting a weakening job market and achieving a rare “soft landing,” whereby it curbs inflation without causing a sharp recession.
Fed Chair Powell sees ‘significant’ inflation drop in 2023
Read full article: Fed Chair Powell sees ‘significant’ inflation drop in 2023Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects.