Published: Jul 08, 2021
The record of the Federal Reserves meeting last month, which surprised investors with a hawkish pivot, will be scrutinized on Wednesday for any hints on when the central bank will pare back its support for the economy.
Published: Aug 01, 2019
The Federal Reserve lowered its benchmark rate by a quarter point Wednesday as an insurance policy not against what’s wrong with the economy now, but what could go wrong in the future. It was the first rate cut by the central bank in more than a decade, according to a statement released by the Federal Open Market Committee (FOMC) on Wednesday.