Joining us now, former National Economic Council Director and IBM Vice Chair Gary Con to break this all apart and then try and put it back together again. We just got this breaking news. JP Morgan has just lowered its prime lending rate to 7.25%. That's usually what happens when there is a Fed rate cut, but rates are coming down. That's what President Trump has wanted. >> Well, the front end of the curve is coming down. >> You just pointed out that the Fed funds rate is the overnight rate for banks. And in ...

Chip Somodevilla/Getty Images The Fed faces a challenge in addressing a scenario in which inflation remains high while the labor market weakens. Key Takeaways Fed Chair Jerome Powell said the Federal Reserve is not guaranteed to repeat Wednesday's interest-rate cut. The Fed is caught between its missions to keep inflation low and employment high, and both are moving in the wrong direction. Powell said the Fed would cut rates further only if economic data indicated that was the right move, brushing of ...

The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut that will take its benchmark down to a target range of 4%-4.25%, its lowest in nearly three years. In addition, the central bank's Federal Open Market Committee provided signals of what's down the road."Maybe they circled the wagons a little bit saying, 'You know, this new guy Miran's coming in, it's obvious what his agenda is. Let's pull together here and make sure he knows what we're about and we' ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here to take you through to the closing bell. With the global simulcast, it starts right now.Carol Massar and Stenovec in the radio booth. Welcome to our audiences across all of our bloomberg platforms here on a Fed day. A Fed day, Carol and Tim, where we got pretty much exactly what the market had expected, though, the market reaction maybe not quite what some were anticipating.Yeah, we were just spending a lot of time tal ...

Claire, >> Claire Jones, Financial Times. Um, given the range of views expressed prior to the meeting, I think there was a lot less descent today than a lot of people expected. It'd be good to know just what you think the drivers were of coming to that very strong consensus in the meeting and also on the flip side to just explain why the dot pot plots are really so scattered between you know someone even expecting rates to end up higher by the end of the year to to five cuts.I mean what were the kind of ran ...

Can your retirement portfolio survive two more 2022-esque inflation waves? ...

Macro is often an intimidating term for retail investors, as it encompasses everything from interest rates to inflation, employment, and global capital flows. However, macroeconomic forces are the true drivers behind every major market cycle. Not Federal Reserve (the Fed) rate cuts or hikes, not earnings—its macro that determines whether industries soar or stumble. Today, the macro picture is a bit confusing, as it is a mix of 2019 and 1974: softening economic data, rising inflation, and increasing unemploy ...

Key TakeawaysThe Federal Reserve enacted a 25 basis point (bps) interest rate cut today, bringing the federal funds rate to a range of 4.00% to 4.25%, marking its first rate reduction since December 2024.JPMorgan Chase & Co. announced a subsequent cut to its prime lending rate to 7.25%, effective September 18.DoubleLine Capital's Jeffrey Gundlach supported the Fed's 25 bps rate cut but cautioned about the risk of higher inflation if the central bank over-eases.Gundlach anticipates the yield curve will conti ...

The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was "a challenging situation,†the central bank chair said. ...

However, Mr Powell said his colleagues’ forecasts were “subject to uncertainty” and insisted monetary policy was “not on a pre-set path”.Markets are anticipating another couple of cuts from the Fed by the year’s end, with more to follow in 2026. In its statement announcing the September rate cut, the Fed said only that it would “carefully assess incoming data, the evolving outlook, and the balance of risks”. About half the Fed’s rate-setters expect another two or more quarter-point cuts this year, taking th ...