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FEDERAL RESERVE policy makers said a near-term rate cut was warranted from a risk-management perspective because it could help cushion the effects of possible future adverse shocks to the economy at the Federal Open Market Committee. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed minutes show many saw a stronger rate-cut case

WASHINGTON – Federal Reserve officials judged uncertainties and downside risks to the outlook for the United States economy had increased significantly when they gathered...
THE FEDERAL RESERVE left their key interest rate in a range of 2.25% to 2.5% on Wednesday. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed scraps ‘patient’ rate approach in prelude to potential cut

WASHINGTON – The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a...
U.S. STOCKS climbed the most since January Tuesday. / BLOOMBERG NEWS FILE PHOTO/ MICHAEL NAGLE

Stocks jump most since Jan. on jolt from Powell

NEW YORK – United States stocks climbed the most since January as Federal Reserve Chairman Jerome Powell signaled an openness to rate cuts and...
FEDERAL RESERVE officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time.” /BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed minutes signal patience on rate moves for ‘some time’

NEW YORK – Federal Reserve officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time,”...
UNITED STATES jobless claims declined by 9,000 claims to 221,000 last week. / BLOOMBERG NEWS FILE PHOTO/MARK KAUZLARICH

U.S. jobless claims fall more than expected to four-week low

NEW YORK - Filings for United States unemployment benefits fell more than expected to a four-week low, as the labor market tightens further following...
FEDERAL RESERVE officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of central bank bond holdings in September. Above, Fed Chair Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Fed sees no 2019 hike, plans Sept. end to asset drawdown

NEW YORK - Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of...
FEDERAL RESERVE CHAIRMAN Jerome Powell said that the United States had a healthy economy that has shown "crosscurrents" that warranted a patient approach to policy decisions. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Powell sees healthy economy with ‘crosscurrents’ to watch

NEW YORK - Federal Reserve Chairman Jerome Powell said a healthy United States economy has faced some “crosscurrents and conflicting signals” that officials in January...

Whiff of extinction blows in bull market that outlived them all

NEW YORK – It’s been derided as a house of cards, a gift to the 1 percent, an experiment in monetary policy taken way...
THE FEDERAL RESERVE, led by Chairman Jerome Powell, raised the federal funds rate target to a range of 2.25 percent to 2.5 percent, the central bank's fourth hike this year. But Powell and company signaled that they expect two rate hikes in 2019, as opposed to the three that were forecast previously. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates, trims forecast for hikes in 2019 to two

WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...
FEDS SOFTEN: The S&P 500 Index gained 2.3 percent as of 4 p.m. New York time, the biggest three-day gain since June after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes. The Nasdaq 100 rose 3.2 percent and the Dow added 2.5 percent Wednesday. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Stocks surge, dollar sinks on dovish Powell signal

NEW YORK - United States stocks rallied the most in eight months, the dollar fell and emerging-market assets surged after a dovish tone from...
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