Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point when their meeting ends Wednesday.
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No, Trump Can't Lower Interest Rates. But Does the President Have Power Over the Fed?
While Trump will have the power to appoint a new Fed chair in 2026, he does not have the ability to set monetary policy or ...
Nasdaq, S&P 500 rise as Wall Street sets sights on final Fed rate cut of 2024; Dow steady
Wall Street's major stock averages were mostly higher Monday, with investors casting an eye toward what's expected to be 2024's last interest-rate reduction by the Federal Reserve, and what monetary ...