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Treasury Secretary Bessent’s bold outlook is fueled by a surprise July inflation report and revised jobs data.
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TipRanks on MSNStock Market News Review: SPY, QQQ Tick Higher on Flourishing 50bps Rate Cuts Odds; Upcoming Trump-Putin Meeting
Both the S&P 500 ETF ($SPY) and the Nasdaq 100 ETF ($QQQ) closed in positive territory on Wednesday, as a rate cut during the ...
The president blasted David Solomon (and his erstwhile DJ side gig) in a social post Tuesday, suggesting he fire a top ...
Treasury Secretary Bessent urges a Fed rate cut of 50 basis points in September, citing weak jobs data and stable inflation ...
July inflation data suggests the FOMC's dual mandate may not be in as much of a pickle as economists previously feared.
Trump on Tuesday ramped up his pressure on Jerome Powell to cut interest rates, threatening to allow a lawsuit over the central bank’s $3.1 billion renovation project to move forward.
Jeremy Siegel thinks rate cuts at all FOMC meetings through next March are justified, taking the federal-funds rate down toward 3%.
Citing sharp downward revisions to U.S. job growth, Bowman reiterated her forecast for three cuts this year while warning that declining data reliability complicates policymaking.
In the media, the U.S. Federal Reserve is under siege. President Donald Trump constantly threatens to fire Chair Jerome Powell. The Supreme Court has confirmed that the chair can't be dismissed except ...
President Trump is fond of telling people how intelligent and well-educated he is. He did receive a Bachelor of Science Degree from the Wharton School of the University of Pennsylvania ...
The way the Fed is designed, there isn’t too much the new Fed chair can do outside of setting a change in tone and publicly pushing for a new direction.
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