Tag: rate
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Younger Asian American women had the second-lowest breast cancer rate. Why they’re now tied for No. 1.
Chien-Chi Huang was 40 when she requested her first mammogram at the hospital, shortly after her aunt died from breast cancer. The radiologist didn’t detect a tumor because she had dense breast tissue that can hide cancer on a mammogram. Soon after the mammogram, Huang said she felt a lump under her armpit and began…
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Why the Fed’s rate cut won’t immediately help car buyers or sales
DETROIT — The Federal Reserve’s decision to cut interest rates for the first time in more than four years is expected to eventually boost new vehicle sales, but not as quickly or by as much as some may expect. The rate cut earlier this month by half a percentage point, or 50 basis points, will take time to trickle down…
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Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, he and his colleagues will seek to…
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Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. “I think after 50 basis points, we’re still in a net tight position,” Kashkari said in a CNBC “Squawk Box” interview. “So I was comfortable taking a…
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Fed interest rate cut expected and global trail behind Hezbollah pager explosions: Morning Rundown
A long-awaited interest rate cut is expected today. The mystery behind the origins of the exploding Hezbollah pagers deepens. And Sean “Diddy” Combs’ team will argue again for his release as he awaits a sex trafficking trial. Here’s what to know today. Fed expected to cut key interest rate Chair of the U.S. Federal Reserve…
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A Fed rate cut is coming. How big is anyone’s guess.
The Federal Reserve is poised to cut its key interest rate Wednesday, the first time since the onset of the Covid-19 pandemic that it has pushed it lower. A reduction to the central bank’s federal funds rate serves as a benchmark for other borrowing costs throughout the economy. And while that move has been widely…