Fed Cuts Rates by a Quarter Point

Chairman Powell adds that he wouldn't resign if asked by Trump.

By Craig Torres | November 07, 2024 at 05:07 PM

Photo: Jerome Powell. Photographer: Al Drago/Bloomberg.

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed's decision Thursday to lower interest rates by a quarter percentage point.

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U.S. Labor Costs Rise More Than Expected

By Molly Smith | November 07, 2024

Fear that wage gains will stoke inflation may lead the Fed to tread more carefully in its interest rate decision this afternoon.

U.S. Labor Costs Rise More Than Expected

33,000 Boeing Workers End Strike: No Pension in New Contract, but 401(k) Contribution Boost

By Lynn Cavanaugh | November 06, 2024

Retirement plans were a hot button issue for union workers, but Boeing says pension plans are "prohibitively expensive."

33,000 Boeing Workers End Strike: No Pension in New Contract, but 401(k) Contribution Boost

Credit Markets Face Risk of a $60 Billion Wave of Fallen Angels

By Caleb Mutua | November 06, 2024

"They'll create a lot of shock waves, and opportunity. This next year is going to be volatile."

Credit Markets Face Risk of a $60 Billion Wave of Fallen Angels

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