The CEO of Amtrak has resigned following weeks of discussions regarding the potential privatization of the rail service. This decision comes amid threats of a transit funding pullback […]
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Fed’s Powell discusses housing services inflation and economic outlook
Federal Reserve Chairman Jerome Powell addressed various economic topics, including housing services inflation, recession probabilities, and the impact of tariffs. Powell stated that forecasters have slightly increased the […]
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Federal Reserve cuts US growth forecast amid tariff concerns
The US Federal Reserve has reduced its growth forecast for the American economy, citing concerns over President Donald Trump’s tariffs that are reportedly driving up prices. In its […]
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Federal Reserve Maintains Federal Funds Rate and Adjusts Securities Holdings Strategy
The Federal Reserve has announced that economic activity continues to expand at a solid pace according to recent indicators. The unemployment rate has remained stable at a low […]
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Federal Reserve Expected to Extend Pause on Interest Rate Cuts Amid Economic Uncertainty
The Federal Reserve is expected to maintain interest rates steady amidst rising prices and slowing growth, a move likely to provoke President Trump’s dissatisfaction. The tension stems from […]
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Fed Likely to Pause Rate Cuts Amid Uncertainty Over Trump’s Economic Agenda
Federal Reserve officials concur that uncertainty is prevalent. However, central bankers prioritize economic data. It remains unclear how the US economy will respond to President Donald Trump’s policies, […]
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Trump Selects Michelle Bowman as New Fed Supervision Head
President Donald Trump has selected Federal Reserve Governor Michelle Bowman to assume the central bank’s top supervisory role. This follows Michael Barr’s resignation from his position as vice […]
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Federal Reserve’s Two-Day Policy Meeting: Key Points and Expectations
The Federal Reserve’s March Federal Open Market Committee (FOMC) meeting commenced on Tuesday amidst an atmosphere of uncertainty. The policy-setting body is evaluating progress in its battle against […]
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Forever 21 Files for Bankruptcy Again
Retail giant Forever 21 has filed for bankruptcy for the second time in six years, according to reports from Axios and Fox Business. The move highlights the “de […]
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Trump nominates Federal Reserve Governor Bowman as vice chair for supervision
WASHINGTON, March 17 (Reuters) – U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to serve as the central bank’s vice chair for supervision, a position where […]