FED Cuts Interest Rates by 50 Basis Points Amid Economic Concerns
The Federal Reserve (FED) made a significant move on Wednesday by cutting interest rates by half a percentage point,...
FED
US Retail Spending Rises in August, But Consumers Are Growing More Cautious
Despite a modest 0.1% increase in US retail spending for August, consumer behaviour is shifting. While spending remains above...
Fed has made “significant progress” in easing inflation: Powell
Federal Reserve Chair Jerome Powell stated that U.S. inflation may return to the 2% target by late 2025 or...
U.S. Banks Pass Fed’s Stress Test, But Face Higher Hypothetical Losses
The Federal Reserve’s annual stress test revealed that the largest U.S. banks have sufficient capital to endure severe economic...