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Fed Cuts Rates By 50 Bps, Now What?
The Fed cut interest rates by 50 bps in September, anticipating no further meetings until November. Check out my recommendations for investors.
BofA now expects Fed to go for 75 bps in rate cuts in Q4
BofA Global Research raised its forecast for the Federal Reserve's anticipated interest rate cuts for the remainder of this year to 75 basis points, after the U.S. central bank kicked off a widely expected series of reductions on Wednesday.
Sahm Rule Creator Sees 50-Bps Fed Rate Cut on Labor Market Worries
Sahm is the creator of the recession indicator, the "Sahm rule", which has until now accurately predicted every U.S. recession since 1970. The rule indicated a recession last month after data showed U.S. jobless rate reached 4.3% in July.
Trump Says Fed's Rate Cut Was 'Political Move'
Republican presidential candidate Donald Trump said on Thursday the U.S. Federal Reserve's decision to cut interest rates by half of a percentage point was "a political move." "It really is a political move.
Most brokerages expect 25 bps rate cut from Fed on Wednesday
Major brokerages expect the U.S. Federal Reserve to lower interest rates by 25 basis points at the end of its two-day monetary policy meeting that starts on Tuesday, even as financial markets price in a good chance of policymakers starting the easing cycle with an outsized rate reduction.
Trump seizes on Fed rate cut to open new line of attack on economy
Trump attributed the rate reduction to either a "very bad" economy or to the Fed's "playing politics" to help Democrats.
The First Cut Is The Deepest: Fed Kicks Off Easing Cycle With 50-Bps Rate Cut
In a closely watched decision, the U.S. Federal Reserve opted for a larger 50-bps reduction in interest rates yesterday, rather than a more traditional 25-bps rate cut.
Factbox-Most brokerages expect 50 bps in rate cuts from Fed for rest of 2024
(Reuters) -Most major brokerages expect the U.S. Federal Reserve to lower interest rates by a cumulative 50 basis points in its November and December meetings, after the central bank announced an outsized reduction in its September meeting.
Federal officials to cut interest rates by half-percent. What it means for Kentuckians
The Federal Reserve moving ahead with its first rate cut in four years on Wednesday, lowering its key interest rate by a hefty half percentage point. With the slowing labor market posing a growing risk to economic expansion,
2d
State officials silent on BPS’s late bus problems
Part of the state improvement plan required the district to hit an on-time arrival rate of 95 percent, a target BPS has tried ...
2d
on MSN
Michelle Wu, BPS superintendent join students on bus amid ‘unacceptable’ transportation delays
BPS Superintendent Mary Skipper and Mayor Michelle Wu hopped on a school bus Wednesday morning — observing the students’ ...
HousingWire
2d
Fed goes big, slashing interest rates by 50 bps
The Federal Reserve lowered the benchmark interest rate by 50 bps to a range of 4.75% to 5%, turning a corner in its fight ...
wealthprofessional.ca
1d
Why BPS took their $1.4bn bank practice to an independent
Tom Porteous started his career at an independent firm. The Senior Wealth Advisor & Portfolio Manager at BPS Wealth ...
USA Today
8d
Embattled Brockton Schools Superintendent Mike Thomas resigns: 'I loved working for BPS'
"I can't express how much I loved working for
BPS
over the past 30 years," Thomas said in the email statement. "I want to ...
4d
The Market Now Thinks The Fed Will Cut By 50 Bps: Not So Fast!
Traders are betting on a 50 bps rate cut from the Fed this week. Click here to find out why why a 25 bps cut is more likely.
5d
on MSN
Advocates warn proposal altering information sharing between BPS schools and police may lead to lawsuits
The Boston School Committee tabled a controversial change to BPS and police information sharing Wednesday night after ...
WHDH
2d
Boston Mayor Wu, BPS superintendent ride school bus to observe issues firsthand
Boston Mayor Michelle Wu and Boston Public Schools Superintendent Mary Skipper rode a school bus Wednesday morning to observe ...
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