Update 905 — Fed Again Cuts Rates,Weighing Labor Weakness, CPI Gains The Federal Reserve cut interest rates by 25 basis points, as expected, at the conclusion of its October FOMC meeting this afternoon. Fed Chair Powell noted that the outlook for inflation and the labor market has not significantly shifted since September. Fed Governor Stephen …
Update 899 — Shutdown in Stalemate;Trump Resorts to Partisan Scare Tactics The government funding stalemate for the fiscal year starting October 1 resulted in a shutdown this week with no end in sight. Meanwhile, the Trump administration took a partisan turn, canceling infrastructure funding in blue cities/states and using agency web pages and email autoreplies …
Update 865 – Another Fed Rate Pause;June Hold Likely Given Tariff Uncertainty The Federal Reserve hit pause, as expected, on interest rates at the conclusion of its May FOMC meeting this afternoon. While many expected Fed Chair Powell to hint at a coming rate cut at the FOMC’s next meeting in June, he instead emphasized …
