The Latest Breaking News from the Federal Reserve

Another cut of 75 basis points should come at the Fed’s next meeting in September, he added.

What a difference a job report makes. Earlier in the summer, people were worried that the economy was too hot. But now – in response mainly to weaker-than-expected employment data released on Aug. 2, 2024 – stocks are plunging. Some analysts even worry that a recession could be on the…

The Dow Jones Industrial Average fell nearly 1,000 points as investors reacted to fears that the Federal Reserve might be slow to implement significant interest rate cuts.

While warning about a 25 percent chance of an economic downturn, Goldman Sachs said the US economy remains “fine overall,” and that the recession risk is “limited”