Jerome Powell: U.S. Economy Is Strong
On November 7, 2024, Federal Reserve Chair Jerome Powell announced a 0.25% cut in the federal funds rate, bringing it to a range of 4.5%-4.75%. Powell cited continued economic strength, easing inflation now at 2.1%, and a cooling but still-solid labor market as reasons for the move. He emphasized the Fed’s commitment to balancing maximum […]
FOMC Cuts Interest Rates to 4.75% [25 bps Cut]
The Federal Open Market Committee (FOMC) is a key component of the Federal Reserve System (the Fed) in the United States. It is responsible for overseeing open market operations, which include buying and selling U.S. Treasury securities. The FOMC makes crucial decisions about interest rates and the growth of the U.S. money supply. Established formally […]
