Fed cuts interest rates, signals holding pattern for now
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
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US housing debt surges to $9.4T, topping record high from 2008
Residential mortgage debt in the U.S. reached a new high in the three months through June, topping a previous record during the height of the financial crisis.
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U.S. labor market strong; second-quarter GDP growth expected to be revised down
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
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The Fed cuts interest rates for the first time since the financial recession
The Federal Reserve Opens a New Window. cut interest rates on Wednesday for the first time since the start of the financial recession more than a decade ago, hoping to preserve the 11-year economic Opens a New Window. expansion from growing global uncertainties and the possibility of an impending slowdown.
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U.S. economy slows in second quarter; weak business investment a red flag
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
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Fed wary of economic clouds, but leaves interest rates unchanged for now
The Federal Reserve is holding its benchmark interest rate steady, although policymakers indicate a willingness to loosen the monetary reins if U.S. economic growth sags.
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