Fed cuts interest rates for 2nd time this year, but rejects large reduction sought by Trump

Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point rate cuts over the remainder of the year. By contrast, Trump has called for rate cuts totaling as much as 3 percentage points. Trump has carried out a pressure campaign at the Fed with little precedent.

Here's how much a $50,000 home equity loan can cost per month after the Fed's October rate cut

After the Fed's latest rate cut, borrowing against your home's equity has become even more affordable than it was.

Banks tap Fed Standing Repo Facility in record numbers amid month-end pressures

Federal Reserve liquidity facilities caught fire on Friday as month-end pressures pushed a key lending tool to a record level of usage.

Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth?

The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew.

Dallas Fed's Logan would have preferred no rate change at the FOMC meeting this week

Dallas Fed President Lori Logan said on Friday the U.S. economic outlook didn't call for cutting rates, as inflation "appears likely to exceed the FOMC’s 2% target for too much longer." "The labor market remains balanced and cooling slowly.

Stocks higher after latest earnings, dollar climbs after Fed comments

Global stocks were poised for their third straight week of gains and seventh consecutive monthly advance on Friday as earnings from megacaps Amazon and Apple eased concerns about lofty valuations, while the dollar climbed after comments from some Federal Reserve officials.
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