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Top Fed official backs new rate cuts
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,
Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
'Some' Fed officials backed holding rates steady in December
Some Federal Reserve officials wanted the central bank to hold the benchmark rate steady in December, according to minutes of the meeting released Wednesday. These officials suggested that the risk of "persistently elevated inflation" had increased in recent months.
2d
December central bank rate cuts take 2024 easing push to historic level
Major central banks in December delivered their biggest policy easing push since the spring 2020 COVID rate-cutting frenzy, ...
1d
on MSN
Why SoundHound AI Stock Skyrocketed 113.1% in December but Is Plummeting in 2025
SoundHound AI (NASDAQ: SOUN) stock posted a month of explosive gains across December's trading. The conversational artificial ...
10d
December's black moon is a new moon phase: What it means for your zodiac sign
A black moon also refers to the new moon phase itself when the moon is positioned between Earth and the sun, making it nearly ...
NFL
3h
Bengals QB Joe Burrow, Lions RB Jahmyr Gibbs highlight December/January Players of the Month
Cincinnati quarterback Joe Burrow and Detroit running back Jahmyr Gibbs had sensational showings to end the year and were lauded for their efforts on Thursday.
1d
on MSN
Why Lucid Stock Jumped 38% in December
As a result, Lucid's stock jumped 38.5% in December, according to data provided by S&P Global Market Intelligence.
2d
on MSN
Why analysts are still bullish on Tesla stock despite its tumble from December highs
Tesla stock has hit a rough patch in recent weeks, but top analysts still see big gains ahead for the EV maker's stock this ...
1d
on MSN
Private sector companies added 122,000 jobs in December, less than expected, ADP says
Private sector job creation eased more than expected in December while wages grew at the slowest pace in nearly ...
10d
on MSN
Border arrests are little changed in December, ending Biden’s term at lowest level
A U.S. official says arrests for illegally crossing the border from Mexico in December are little changed from a month ...
12d
on MSN
Mystery NJ drone sightings drop after early December surge
Mastronardy, who at one point launched his own drone to try to track the mysterious aircraft, said his office took more ...
2d
Philippine annual inflation quickens to 2.9% in December
Philippine annual inflation quickened for a third straight month in December due to the faster pace of increases in food and ...
7h
on MSN
U.S. job cuts rise 33% M/M in December; year's total climbs 5.5%: Challenger Job Cuts report
US job cuts rose 33% in December to 38,792. The annual total of 761,358 job cuts is the highest annual total since 2020, ...
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