1 Attachment(s)
U.S. Consumer Confidence Shows Slight Deterioration
Attachment 36736
Consumer confidence in the U.S. showed a slight deterioration in the month of August, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index edged down to 135.1 in August after surging up to 135.8 in July. Economists had expected the index to show a much more substantial decrease to 130.0.
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1 Attachment(s)
Fed Cuts Rates As Expected But Leaves Outlook Murky
Attachment 37031
After lowering interest rates for the first time in over a decade in late July, the Federal Reserve announced another interest rate cut following a two-day monetary policy meeting that ended on Wednesday. The Fed revealed its widely expected decision to cut rates by another 25 basis points, lowering the target range for the federal funds rate to 1-3/4 to 2 percent.
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Fed's Powell Signals Resumption Of Balance Sheet Growth
Citing unexpectedly intense volatility in wholesale funding markets, Federal Reserve Chairman Jerome Powell indicated on Tuesday that the central bank intends to resume increasing the size of its balance sheet.
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Half of Americans Expect a Major Recession Soon, New Survey Shows
Recession fears have steadily risen this year.
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1 Attachment(s)
Fed Says U.S. Economy Expanding At Slight To Modest Pace
Attachment 37301
Two weeks ahead of the Federal Reserve's next monetary policy meeting, the central bank's Beige Book said Wednesday the U.S. economy expanded at only a slight to modest pace over the past month. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted business activity varied across the country.
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Federal Reserve Will Likely Cut Rates
History can be a good guide for the Fed's next move.
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