Dec. Rate Cut in Doubt
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What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and you'll get 12 different answers.
What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn inflation or weak hiring represent a bigger threat.
WASHINGTON, Nov 20 (Reuters) - The Trump administration's mammoth fiscal legislation will boost economic growth next year, but the impact will be partially undercut by Federal Reserve interest rates kept higher than they would be otherwise, a former top Fed researcher concluded in a new analysis.
Looking to buy a home or refinance your existing one? Here are the mortgage interest rates you need to know first.
While private surveys have pointed to a softening labour market, hawkish remarks from most Fed policymakers have dampened expectations of an interest rate cut in December. In a bright spot, Swiss drugmaker Roche Holding surged nearly 6% after reporting late stage trial results for its breast cancer pill giredestrant.
Global brokerages are split over whether the U.S. Federal Reserve will cut interest rates in December or hold them, following conflicting signals on job growth and unemployment earlier in the week. Data on Thursday showed non-farm payrolls increased by 119,
Difference between accounts: The money market account earns $10.42 more.