Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.The Fedread more
Stocks fell on Wednesday after a divided Federal Reserve failed to signal easier monetary policy later this year, disappointing traders.US Marketsread more
Amazon is launching a new feature that allows presidential candidates to receive campaign contributions through the Alexa voice assistant.Technologyread more
The woman says the abuse by Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, began when she was just age 14 or younger.Politicsread more
Federal Reserve Chairman Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as...The Fedread more
The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.The Fedread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
The Air Force's newly minted U.S. Space Command general said that he has recently met with billionaire space race investors Elon Musk, Jeff Bezos and Richard Branson.Investing in Spaceread more
Indiana Gov. Mike Pence and Virginia U.S. Sen. Tim Kaine clashed briefly during Tuesday's vice presidential debate on how to defend against "homegrown terrorism" threats, with neither of them offering any real solutions to the growing problem.
Both vice presidential candidates argued during Tuesday's vice presidential debate that more must be done to protect Americans against "homegrown terrorism" threats, such as the Orlando mass shooting and the New York/New Jersey bombings. Both of which were carried out by U.S. citizens and legal immigrants.
The discussion then pivoted to the issue of immigration of Syrian refugees.
Pence reaffirmed Donald Trump's proposed "extreme vetting of immigrants from parts of the world that export terrorists." The Indiana governor added that he and the Republican presidential nominee share a commitment to suspend the Syrian refugee program in the interest of the safety and security of the American people.
Kaine, however, reminded Pence of Monday's federal appellate court decision that struck down one of his plans to block funding to organizations aimed at resettling Syrian refugees, citing it was "discriminatory." The decision specifically refutes Pence's belief that some refugees were sent to Syria by ISIS to engage in terrorism, and now seek to infiltrate the United States. The court refuted the governor saying, "no evidence of this belief has been presented...it is nightmare speculation."
Kaine argued Pence's plan was "anti-ethical" to discriminate based on country of origin, and said he and Hillary Clinton will vet refugees based on "whether they are dangerous or not."