The Federal Reserve has announced its decision to keep interest rates unchanged for the time being but hinted at possible rate cuts later this year. This decision marks a significant…
President Biden visited an Intel computer chip plant in Chandler, Arizona, where he announced a significant funding agreement aimed at boosting chip production in the United States. The agreement, totaling…
In a significant development, Federal Reserve Chair Jerome Powell has conveyed his expectations for a decline in interest rates within the current year. During prepared remarks on Capitol Hill, Powell…
In a timely move to avert a looming government shutdown, the House of Representatives has approved a short-term funding bill, subsequently signed by President Biden. The decisive action comes amid…
The Federal Reserve is exercising caution regarding the prospect of swiftly lowering interest rates, as revealed in the minutes from its recent meeting held last month. Despite expressing optimism about…
During the New York Times DealBook Summit, JPMorgan Chase CEO Jamie Dimon cautioned about the potential for further inflation and the looming possibility of a recession, highlighting the risk posed by rising interest rates.