economy news - Search News

Fed Chair Powell says interest rate cut made to maintain strong U.S. economy

Federal Reserve Chair Jerome Powell said during a Wednesday press conference that the first interest rate cut since 2020 is designed to maintain the strong U.S. economy.

Opinion

MSNBC on MSN · 5h

The Fed’s interest rate cut reflects an increasingly troubled economy

On Wednesday, the Federal Reserve lowered its benchmark interest rate by half a percentage point. The action will take the rate to between 4.75% and 5% immediately. The Fed also announced more cuts are likely before the end of the year.

Reuters · 17h

What does a Fed rate cut mean for the economy and consumers?

The Federal Reserve is set to cut U.S. short-term borrowing costs on Wednesday, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt over the two and a half years that the central bank has battled with high inflation.

Retail Sales, Economy

Newsweek on MSN · 1d

U.S. Retail Sales Tick Up in Boost to Economy

Retail sales edged up by 0.1% from July to August, according to the Commerce Department. This modest increase follows a larger surge last month, which marked the highest growth rate in retail sales in a year and a half.

U.S. News & World Report · 1d

US Retail Sales Ticked up Last Month in Sign of Ongoing Consumer Resilience

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate

Reuters on MSN · 1d

US economy on solid ground as retail sales surprise on the upside

U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships was more than offset by strength in online purchases, suggesting that the economy remained on solid footing through much of the third quarter.

Argentina, economy

Reuters · 7h

Argentina recession deepens as economy shrinks more than expected

Argentina's economy shrank 1.7% in the second quarter of the year compared to the previous three-month period, the country's statistics agency said on Wednesday, pushing the embattled South American nation deeper into recession.

Bloomberg L.P. · 7h

PIB de Argentina cae 1,7% interanual en el segundo trimestre

La economía argentina siguió en recesión en el segundo trimestre al agravarse el efecto dominó de la devaluación de la moneda y las medidas de austeridad del presidente Javier Milei.

Barron's · 5h

Argentina Recession Deepens With 1.7% Contraction In Q2

Argentina's economy contracted by 1.7 percent in the second quarter, the national statistics agency said Wednesday, deepening a recession in the austerity-hit nation.

14hon MSN

The U.S. economy is strong by one measure. Why the Fed is set to lower borrowing costs anyway.

A giddy Wall Street projects the Federal Reserve will dramatically reduce interest rates over the next year, even though the ...

16h

Growing The Economy Through Investment Banking And Generative AI

While investment banking might not seem like a driver, increasing access to investment banking services can be key to growing ...

7hon MSN

Newsom touts California economy after SpaceX, Chevron announce moves to Texas

The governor's office highlighted successful California companies that recently made Inc. Magazine's list of fastest-growing ...

16h

Ghana's economy surges 6.9% in Q2 2024, fastest in five years

Ghana's economy grew by 6.9% year-on-year in the second quarter of 2024, the fastest rate in five years, boosted by expansion ...

It's The Economy, Stupid

If you recall from the last FOMC meeting, it was a forgone conclusion for a long time in advance of that meeting that rates ...

2dOpinion

How Trump Is Undermining the Economy in Some Struggling Cities

I’ve written before about the problem of regions left behind by the 21st-century economy, a problem that is common to many ...

Results that may be inaccessible to you are currently showing.

Hide inaccessible results

Related topics