Fed Minutes Show Support for Ending Quantitative Tightening
The Federal Reserve's decision last month to announce a looming halt to the drawdown of its balance sheet earlier than many had expected drew broad support from central bankers, meeting minutes from the late October policy meeting released Wednesday said.
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Trump's Economy Depends on AI for Growth
President Donald Trump is increasingly counting on the tech sector and the development of artificial intelligence to deliver on his economic agenda, a reality laid bare this week as he hosted Saudi Arabia's Crown Prince Mohammed bin Salman.
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Delay in Jobs Data Dims Rate Cut Hopes, Lifts Yields
Treasury yields rose Wednesday after the U.S. government said jobs data for October and November will not come out before the Federal Reserve's December meeting, leading traders to reduce bets on an interest rate cut that month.
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Fed minutes show divide over October rate cut and cast doubt about December
While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less creation.
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BLS says full October jobs data won't be released, available figures to be included in next report
The Bureau of Labor Statistics said Wednesday it will not release a full U.S. jobs report for the month of October.
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Fed Cut Rates Amid Caution About Inflation, Minutes Show
A divided Federal Reserve cut interest rates last month even as policymakers cautioned that lower borrowing costs could risk undermining the fight to quell inflation that has been above the U.S. central bank's 2% target for four and a half years, the minutes from the...
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