The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the ...
The super-sized cut brings the central bank's target range to between 4.75% and 5.0%. The decision was not unanimous, with Fed Governor Michelle Bowman, the lone dissenter, favoring a 25-bp cut ...
During its meeting on 20 September 2024, the Federal Council decided to initiate a consultation on amending the Financial Market Supervision Act and other pieces of legislation. The aim of the ...