Fed, December and rate cut
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The Federal Reserve cut rates, but Bitcoin dropped instead of rising. Here's why this counterintuitive crash might be less scary than it looks.
A divided Fed faces tough choices ahead of its December meeting—cut rates to support jobs or hold firm to fight stubborn inflation.
The government shutdown impacted key economic data reports that the Federal Reserve uses to determine a potential interest rate cut. CBS MoneyWatch correspondent Kelly O'Grady reports.
Equity indexes worldwide took a beating on Friday as a hawkish tone from Federal Reserve officials doused hopes for a December U.S. interest rate cut, while a still-messy data calendar and worries about an artificial intelligence bubble added to the angst.
The Fed continues to navigate a challenging backdrop: a steadily cooling labor market alongside inflation that remains stubbornly above its long-run target.
1don MSN
US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street.
Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's resilience, and said he was undecided on what to do for the Fed's meeting next month.