Several FOMC Members Saw Case for Cutting Rates in July

"The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."

By Craig Torres | August 21, 2024 at 02:40 PM

Photo: The Marriner S. Eccles Federal Reserve building in Washington, D.C.

Several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their meeting on July 30 and 31, before the central bank's policy committee voted unanimously to keep rates steady.

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

U.S. Initial Jobless Claims Decline

By Jarrell Dillard | November 21, 2024

Last week, unemployment applications fell to 213,000, the lowest level since April.

Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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