Traverse City Record-Eagle13h
Futures File: FED votes 11-1 in favor of .50% rate cut
The most anticipated Federal Reserve announcement in recent memory was finally revealed on Wednesday and the decision was made to reduce rates from 5-5.25% down to 4.75-5% with a .50% ...
News Highlights: Top Global Markets News of the Day - Friday at 7 PM ET
U.S. stock indexes wobbled Friday but notched gains for the week. The S&P 500 and Dow industrials both closed at record highs Thursday, a delayed response to the Federal Reserve's jumbo rate cut.
Top Fed official warns jumbo rate cut is declaring victory over inflation too soon
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the ...
The Fed decision’s lone dissenter worries the bigger rate cut sends a ‘premature victory’ message to markets
The only Federal Reserve official to dissent from the central bank’s aggressive half-point interest-rate cut earlier this ...
Fed governor explains dissent from 50 basis point rate cut
Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 basis points, ...
Fed's Bowman voted against jumbo cut to avoid signaling victory on inflation
Fed Governor Michelle Bowman said Friday that she voted against the central bank's decision to begin the rate-cutting cycle ...
Fed's Historic Dissenter Bowman Says Smaller Interest Rate Cut Was Justified: 'We Have Not Yet Achieved Our Inflation Goal'
Federal Reserve Governor Michelle W. Bowman withheld support for a 50-basis-point interest rate cut during this week's FOMC ...
American Banker1d
The economic cloud over the Fed's half-point rate cut
Federal Reserve Gov. Michelle Bowman cast the first dissenting vote at an FOMC meeting in years. On Friday, she explained why ...
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% ...
US inflation data cemented big cut for one Fed official, dissent for another
Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage ...
KESQ News1d
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this ...
The Manhattan Mercury1d
US Fed dissenter calls for 'measured' pace of rate cuts
The sole holdout in the US Federal Reserve's 11-to-1 vote cementing a larger interest rate cut said Friday that the move ...