The Federal Reserve granted the market its wish and lowered its benchmark federal funds rate by 50 basis points.
It's worth noting that the Fed chose to slash rates by 50 bps this week, with the Atlanta Fed GDPNow (Q3) forecast at 2.93%.
While the first interest rate adjustment is expected to take place this week, JPMorgan CEO Jamie Dimon said that the United ...
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn’t in response to a substantial ...
JPMorgan Chase & Co., the one Wall Street titan whose economists correctly called the Federal Reserve’s half-point ...
Representing the half-point cut camp, JP Morgan Chase chief economist Michael Feroli said the relatively larger move would be the "right" thing to do. In a note to clients, Feroli said that the Fed ...
David Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO ...