“The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who thinks the Fed may keep cutting after today.
The full statement released by the Federal Open Market Committee after its meetings held from April 29-30 on interest rate policy.
The Federal Reserve trimmed interest rates to 2% but left markets guessing about whether further cuts would be needed.
Even though the economy continued to grow in the first quarter, many economists believe we're already in a recession.
“The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who adds there’s good chance the Fed will keep cutting rates after Wednesday's meeting.
The bruised economy limped through the first quarter of this year at only 0.6 percent as housing and credit problems forced people and businesses alike to hunker down.
With Fed Fund Futures indicating an ~80% probability that the Fed will cut rates 25 basis points today, here are the stocks that faired best on each of the last three rate cut days.
Wednesday holds the first-quarter GDP report as well as the Fed's interest rate decision. Find out what to expect from both.
Even as the Fed meets, the street can't make up its mind about what the Fed should do. From discussions I've had, it's clear that the sentiment among some traders has shifted and continues to shift.
As the U.S. Treasury races to get rebate checks to households, higher gasoline prices are blunting the economic impact of the $152 billion stimulus package.
The Federal Reserve looks set to deliver a small interest rate cut on Wednesday, though the central bank could signal that this is the last in a cycle.
Wall Street’s on the edge of its seat ahead of Wednesday’s interest-rate announcement. You should be on the phone with your broker.
The Fed needs to stop cutting interest rates and halt the run on the dollar. They can do this by announcing a lengthy pause in their interest rate statement due out this Wednesday at 2:15 pm.
The US economy indeed has entered into a recession, even if the traditional indicators aren't showing it yet, billionaire investment guru Warren Buffett said.
The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.
If the U.S. Federal Reserve wants to restrain oil and food prices and help downtrodden consumers, the best thing it can do is stop cutting interest rates.
If Bernanke cuts rates one more time as expected on Wednesday, what will it mean for stocks?
As the Federal Reserve hones in on the end of its interest-rate cutting campaign, officials remain troubled by lingering stress in credit markets and continue to mull steps to ease the strain.
Texas Gov. Rick Perry asked the government to cut "skyrocketing" food prices by waiving half of the renewable fuel standard for ethanol made from grain.
President George W. Bush said on Friday that the U.S. economy is in a slowdown but added that tax rebates should help pull activity out of the slump.