Federal Reserve Chairman Jerome Powell indicated on Friday that the central bank is ready to start cutting its key interest rate, possibly as early as next month, in an effort to prevent further erosion in the labor market while continuing to monitor inflation closely.
Read More: Breitbart
Federal Reserve Chairman Jerome Powell warned on Friday that additional rate increases might be required to put inflation on a convincing path to the central bank’s two percent target.
Read More: Breitbart
One of the “Big Three” credit agencies lowered the United States’s rating by a tick on Tuesday, eliciting swift condemnation from Biden administration officials. Fitch Ratings downgraded the country’s Long-Term Foreign-Currency Issuer Default Rating from top-rated “AAA” to “AA+” in a move that could lead to higher interest rates and borrowing costs.
Read More: Daily Wire