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Fed cuts interest rates by half point, signals two additional cuts this year
Rates had previously been held at a 23-year high since July 2023. There was some division on the final decision, with Fed governor Michelle Bowman dissenting. She preferred to cut rates by 25 basis ...
Kansas City Star29d
JD Vance cited this ex-Kansas official to back up immigrant housing claims. Who is she?
But Bowman also has deep ties to Kansas. Before former President Donald Trump nominated her to the Fed board in 2018, she was the state bank commissioner, the top banking official in Kansas.
Business Insider17d
The Fed could pause rate cuts at its meeting next week if the October jobs report is hot, Wharton professor Jeremy Siegel says
Fed governor Michelle Bowman was a lone dissenting voice at that time. Since then, and since the big September jobs figure, other Fed officials have called for more "caution," pointing to the ...
USD/CAD holds steady above 1.3850 as Fed cuts its rates, eyes on Canadian employment report
USD/CAD trades flat around 1.3860 in Friday’s early Asian session. The Fed decided to cut the interest rate by a quarter ...
FXStreet7d
USD/INR climbs as equity outflows drag Indian Rupee to all-time low
The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday. The local currency depreciated to ...
Fed cuts by 25bp, as expected, shies away from fresh forward guidance
However, the decision to reduce the target range for the Fed funds rate by 25 basis points to 4.5-4.75% was unanimous, unlike ...
Investopedia25d
What To Expect in the Markets This Week
Federal Reserve Gov. Michelle Bowman, Dallas Fed Bank President Lorie Logan, and Kansas City Fed President Jeffrey Schmid are among the Federal Reserve officials who will deliver remarks this week.