FEDERAL RESERVE: Cuts Interest Rates

BREAKING NEWS!

By Staff Reporters

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Federal Reserve Chairman Jerome Powell just announced that the central bank [FOMC] would cut interest rates amid President Donald Trump’s attempts to reshape the Fed’s independence.

The chairman announced that the Federal Reserve would cut the interest rate by .25 points, the first time that it cut interest rates since December.

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JEROME POWELL: Speaks On “Premature” Interest Rate Cuts

By Staff Reporters

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What Is Money Factor for SMB? : On Auto Monthly Lease Payment

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With the Fed’s aggressive rate hikes to curb inflation looking like they’ve finally come to an end thanks to encouraging data on prices falling, investors are starting to look forward to when the central bankers start slashing rates again.

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But Jerome Powell sought to pour some cold water on the rate cut hype cycle during a speech at Spelman College in Atlanta, Georgia yesterday, saying that it was too soon “to speculate on when policy might ease.” However, investors still think he’ll come around: Markets are putting the odds that the Fed will cut rates in March above 50% and are totally convinced it’ll happen by May, according to Bloomberg.

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