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Tag: Fed

Fed cuts interest rates a half point in landmark policy shift

Fed cuts interest rates a half point in landmark policy shift

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The Federal Reserve has cut interest rates by half a percentage point for the first time since 2020, dialing back a years-long fight against inflation. This cut is…

US economy adds 142,000 jobs in August as Fed plans to cut interest rates | US unemployment and employment data

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US employers added 142,000 jobs last month, the labor department announced on Friday, in one of the year’s most closely watched economic news releases. The release comes as…

‘Time has come’ for rate cuts, hints Fed as Bailey hails faster fall in inflation

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‘Time has come’ for rate cuts, hints Fed as Bailey hails faster fall in inflation – latest updates