Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for…
Category: Bussiness
Stocks making the biggest moves after hours: Snowflake, Zoom Video, Urban Outfitters and more
Check out the companies making headlines in after-hours trading. Snowflake — Shares tumbled nearly 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue…
Fed minutes point to ‘likely’ rate cut coming in September
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed.…
Here's how a week's worth of huge economic news will affect the Fed's decision-making
The past week’s data deluge left behind a few distinct impressions: Inflation is on the run, the labor market appears to be OK if no longer on fire, and the…