Rate Cut

Federal Reserve Governor Michelle Bowman has expressed her support for a potential interest rate cut in July, provided that inflation remains subdued. What Happened:  Bowman, during a speech in Prague, suggested that an interest rate cut at the upcoming July meeting would be appropriate...

Senior economist Mohamed El-Erian anticipated a rocky road ahead for the Federal Reserve to formulate the monetary policy, as the “uncertainties” surrounding the federal policies and geopolitical scenario “cloud” the Fed’s policy radar. What Happened: Despite the...

U.S. futures were trading higher on Wednesday as oil futures tumbled after President Donald Trump called for an "Unconditional Surrender" of Iran late Tuesday. Trump also stated in one of his Truth Social posts that the U.S. knows exactly where Iran's "Supreme Leader" was hiding, highlighting that...

April’s Personal Consumption Expenditures data presented a complex picture for Jerome Powell, with economists suggesting the persistent cloud of tariff uncertainty compels the central bank to “wait and see” policy stance even as “disinflation” has set in. What Happened...

Jim Cramer took a jibe at President Donald Trump in premarket on Tuesday as the stock futures rose amid the President’s criticism of Federal Reserve Chairman Jerome Powell for not cutting interest rates. What Happened: Cramer, in an X post, highlighted that investors “would actually buy...

The Federal Reserve's decision to cut interest rates could positively impact stocks, consumers, and several key sectors. Benzinga readers were recently asked to pick which Magnificent Seven stocks could benefit the most from the interest rate cut. What Happened: The Federal Reserve's decision to...

Homebuilder KB Home (NYSE:KBH) could provide a look at how healthy the sector is and what the 2024 election and a recent Federal Reserve rate cut mean for the company when third-quarter earnings are reported Tuesday after market close. Earnings Estimates: Analysts expect KB Home to report third-...

Wall Street is rejoicing as the Federal Reserve’s half-point rate cut triggers a market rally, even amidst rising apprehensions about inflated valuations. What Happened: The Federal Reserve’s lenient approach has uplifted the economic forecast, resulting in a jump in U.S. stocks and...

Wednesday’s trading session saw the stock market slip into the red following the Federal Reserve’s decision to cut interest rates by 0.5%. This marks the beginning of the central bank’s highly anticipated cutting cycle, the first since March 2020. T The Dow Jones Industrial...

On Wednesday, Betsey Stevenson expressed her astonishment at Donald Trump’s running mate J.D. Vance and his supporters’ economic optimism despite the Federal Reserve’s recent rate cut. What Happened: Stevenson, a former Obama administration economic advisor, shared her views on X...

In the run-up to the presidential election, Donald Trump, the Republican nominee, has voiced his disapproval of the Federal Reserve’s recent decision to slash its benchmark interest rate by half a percentage point. Trump suggests this move could be indicative of a faltering U.S. economy or a...

Raphael Bostic, President of the Federal Reserve Bank of Atlanta expressed his views on a potential rate cut on Wednesday. However, Bostic expressed caution on the move. What Happened: Bostic acknowledged that the inflation rate has decreased more than expected, while the unemployment rate has...

Jeremy Siegel, a prominent finance professor at the Wharton School, has backtracked on his earlier call for an emergency interest rate cut by the Federal Reserve. However, he is still advocating for a rapid and aggressive rate reduction. What Happened: Siegel retracted his previous suggestion for...

Investors are eagerly awaiting Friday’s announcement of the Personal Consumption Expenditure (PCE) price index, known as the Fed’s preferred inflation measure, as it could reinforce expectations of Fed rate cuts and provide relief to risky assets after this week’s sharp declines....

In a recent statement, Patrick Harker, the President of the Federal Reserve Bank of Philadelphia, suggested that one interest-rate cut in 2024 would be appropriate, based on the current economic forecast. This announcement reinforces the likelihood of sustained high interest rates. What Happened:...