Austan Goolsbee, head of the Chicago Fed, made a bold move recently. He voted against lowering interest rates. Why? He thinks the Fed should wait for more data before making big changes. Goolsbee is not against lowering rates in the future. He just wants to make sure it's the right time. Inflation
Bitcoin is hanging around $92, 000 as everyone waits for the Fed's big decision. People think the Fed might cut rates, which could be good for crypto. There's more good news: a new crypto product just got the green light. This has made the whole market feel a bit more upbeat. Some interesting thin
Tech stocks took a hit, but not all news was bad. Meta and Microsoft, both big names, saw their shares drop despite good earnings reports. Meta's stock fell hard, but some see this as a chance to buy low. Meanwhile, Microsoft's stock also dipped, but there's hope it will bounce back. The Federal Re
The Federal Reserve is in a tough spot. It's like trying to walk a tightrope while someone keeps shaking the rope. The Fed needs to decide whether to cut interest rates, but it's not an easy call. On one hand, the job market is cooling off. Unemployment is up, and job growth has slowed down. On the
The Federal Reserve is likely to lower interest rates soon. This move could be great news for banks and financial companies. When the Fed cuts short-term rates, it can make borrowing cheaper. This often leads to more people and businesses taking out loans. At the same time, if long-term rates stay h
The Federal Reserve's decision to cut interest rates is a big deal, but the why behind it is more important than the when. Experts believe the Fed might cut rates in the last part of the year, but the real question is why they are doing it. Is it because the economy is slowing down or because inflat
The Federal Reserve wrapped up its rate cuts for 2024 with a final adjustment at its meeting on Wednesday. Interestingly, they scaled back their expectations for rate reductions in 2025 by two, as inflation remains persistent and the economy stays robust. Just a couple of years ago, the situation w
Federal Reserve Chair Jerome Powell dropped a hint in Dallas about future interest rate cuts. He said, "We're in no hurry. " Why? Inflation is still hanging around, and the economy is doing just fine. He's got a point. When things are steady, there's no rush to change them. Economists think the Fed
Elections always shake things up, and the latest one is no different. The Federal Reserve is planning to lower interest rates again on Thursday. Why? To tackle inflation, which has been bothering many Americans. But here's where it gets tricky. The new President-elect, Donald Trump, has some bold ec
Retail stores have seen a bigger bump in sales than expected last month. Despite some hurricanes causing chaos, new jobless claims dropped by surprise. This good news has traders thinking a rate cut by the Fed is almost guaranteed next month. More numbers are coming out later today, including how w
