Browsing: Jerome Powell

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.

Following Powell’s remarks, the 10-year Treasury yield remains unchanged, signaling market anticipation of rate cuts.