US inflation

US Federal Reserve cuts key lending rate by quarter point

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Washington— The Federal Reserve cut its key interest rate by a quarter point on Wednesday – its third cut this year – but also signaled it expects to lower rates more slowly next year than before. Mainly due to still high inflation. The Fed’s 19 policymakers estimated they would cut their benchmark rate by a … Read more

The current situation in America is very similar to the recession of 2008; the interest rate cutting cycle also began on September 18 in 2007 – the 2007 rate cutting cycle also began on September 18, four months before the great recession

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According to the August 2024 employment report in the US, the US label market was more sluggish than expected. Bond yields are indicating that traders are preparing for a recession. Even the Federal Reserve’s probability model is predicting a 61.8 percent chance of recession in the next 12 months, the highest since the 1980s. Could … Read more