By Ron Lieber and Tara Siegel Bernard JeromeH. Powell made it clear that the Federal Reserve will cut rates on Sept. 18, as the central bank turns the corner in its fight against inflation.
Stocks were off slightly in early trade Monday, but on track for monthly gains with the Dow and S&P 500 near records set last week. Investors will be paying attention to remarks from Federal Reserve ...
The Fed’s benchmark rate now sits between 4.75 and 5 percent. “The U.S. economy is in good shape,” Fed Chair JeromeH. Powell said at a news conference. “It’s growing at a solid pace ...