WASHINGTON (AP) — Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates. Minutes of the Fed's discussion at its July 29-30 meeting released Wednesday show that some officials thought the Fed would need "to call for a relatively prompt move" to reduce the stimulus it has supplied since the financial crisis erupted in 2008.Read more on NewsOK.com
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Wed, 08/20/2014 - 11:55am
BING NEWS:
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The European Central Bank dropped interest rates to 3.75 per cent after saying the inflation outlook had improved markedly. But, it was sticker than expected.
06/6/2024 - 12:52 pm | View Link - European Central Bank Cuts Interest Rates for the First Time Since 2019
The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
06/6/2024 - 7:05 am | View Link - Small Business May Show a Coming US Hiring Slowdown
U.S. employment data for May will be released on Friday, and economists surveyed by Reuters estimate 185,000 jobs were created last month, still more than the average monthly gain in the pre-pandemic ...
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Can softer US data slow the carry trade unwind? Sunday’s landslide win for the ruling party in Mexico and what it means for its policy agenda has sparked a 5% sell-off in the peso and upturned FX ...
06/4/2024 - 7:58 pm | View Link - Job openings fall to new 3-year low, as the US economy continues to slow
The Federal Reserve, in its battle against high inflation, is wanting to see demand soften and price hikes slow even further before cutting rates. The Consumer Price Index, the most widely used ...
06/4/2024 - 4:20 am | View Link - More
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