The Federal Reserve's big interest rate cut of 50 basis points this week to kick off its monetary easing cycle looks harder to justify than those from 2001 and 2007, according to Deutsche Bank's Jim ...
The U.S. stock market was declining midday Friday, but all three major benchmarks remained on course for weekly gains after a sharp rally in the wake of the Federal Reserve’s rate cut on Wednesday.
The federal funds rate is a benchmark that influences other interest rates throughout the economy. The Federal Reserve doesn't control the federal funds rate directly. Instead, it uses various ...