Retail sales rise again and show U.S. economy still on solid ground ...
WEB3 days ago · Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.
Will Tuesday's Retail Sales Data Affect the Fed's Decision?
WEB3 days ago · Retail sales increased by 0.1% in August, bucking economist projections of a decline but slowing down from July’s pace. The sales report is the last major release before the Federal Reserve's ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB2 days ago · Mortgage rates have already begun steadily falling in anticipation of the Fed’s expected Wednesday cut. According to Freddie Mac, the average 30-year fixed mortgage rate fell to 6.20% last week ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB2 days ago · Sept. 18, 2024, 2:00 AM PDT / Updated Sept. 18, 2024, 11:50 AM PDT. By Rob Wile. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually ...
Fed Cuts Interest Rates for First Time in Four Years - The New York …
WEB3 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
Retail sales: Spending is suddenly surging in the US economy’s ... - CNN
WEBAug 15, 2024 · Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced...
Top Fed official says slowing US retail sales bolster rate cut chances
WEBJun 18, 2024 · A top US Federal Reserve official has said price cuts at big retailers and weaker sales suggest that a slowdown in consumer spending has “finally” begun, increasing the chances that the central...
US retail sales jump in latest sign Federal Reserve may need to …
WEBFeb 15, 2023 · Retail sales, which include spending on food and fuel, rose 3 per cent last month over December’s levels, the Census Bureau said on Wednesday. It was one of the biggest monthly increases of the...
The Fed Suggested That Rate Cuts Could Come Soon
WEBJul 31, 2024 · The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon.
Federal Reserve News What Happened Today at the Fed Meeting
WEBMay 3, 2023 · What to know about the Fed’s latest move. Federal Reserve officials raised interest rates by a quarter-point on Wednesday in the tenth straight move in their fight against rapid inflation ...