Fed cuts rates by half point in decisive bid to defend economy
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a ...
Tag: bloomberg news
Core US inflation picks up, damping odds of outsize Fed cut
Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an ...
US Job Growth Comes Up Short in Possible Warning Sign for Fed
US hiring fell short of forecasts in August after downward revisions to the prior two months, a development likely to ...
Tesla’s steep price cuts help get the used EV market humming
Since early last year, the cars rolling off Tesla Inc.’s California assembly lines have been selling for steadily lower prices. This has ...
US producer prices rise less than forecast, dragged by services
US producer prices rose in July by less than forecast, reflecting the first decline in services costs this year amid ...
US jobs post smallest gain in six months as unemployment rises
US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the ...
Fed cites lack of progress on inflation, holds rates steady
The Federal Reserve signaled fresh concerns about inflation while indicating it was likely to keep borrowing costs elevated for longer ...
US Bank plans to issue $2.5B of auto credit-linked notes
US Bank is issuing $2.5 billion of credit-linked notes tied to a pool of auto loans. It’s the first time ...
