Federal Reserve System

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Inflation cut in half: Moody’s Analytics’ Mark Zandi sees major relief within six months

The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call,…

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Average long-term US mortgage rates dip to 6.66% this week

WASHINGTON — Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates…

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Business

Layoffs loom on the horizon, some economists say

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on…

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Business

Stressed about credit card debt? Take these steps to help trim high-interest account balances

london, uk Peter Muller | Image Source | Getty Images Few things cause more financial distress and anxiety than a…

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Fed’s real-time payment system coming as early as May ’23

NEW YORK — The Federal Reserve’s new real-time payments system known as FedNow is expected to go live as early…

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Business

How major US stock indexes fared Friday 8/26/2022

Stocks ended sharply lower after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease…

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Business

Hints of cooling prices, but Fed vows firm inflation stance

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline…

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Powell sees need to help most vulnerable in uneven recovery

Federal Reserve Chairman Jerome Powell says the economic outlook has “clearly brightened” in the United States, but the recovery remains…

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Business

The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey says

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on…

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10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts

The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the…

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