Even as the Federal Reserve prepares to announce its first rate cut in the current monetary policy cycle, some have expressed fears that the move could be a little too late to keep the economy from slipping into a recession. Market strategist and  President of Yardeni Research Ed Yardeni, however, allayed the concern. What Happened: The Atlanta Federal Reserve’s GDPNow...

03:53 PM EDT, 09/20/2024 (MT Newswires) -- The number of oil rigs in the US were unchanged at 488 for the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The tallies for gas and miscellaneous rigs fell by one each on a weekly basis to 96 and four, respectively. A year...

(Reuters) - The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. Policymakers see the Fed's benchmark rate falling by another half of a percentage...

The U.S. stock market had a mixed close on Tuesday. The Dow Jones slipped slightly by 0.4%, finishing at 41,606.18. Meanwhile, the S&P 500 edged up 0.03% to 5,634.58, and the Nasdaq gained 0.2%, closing at 17,628.06. Investors are now keenly awaiting the Federal Reserve’s meeting scheduled for Wednesday, where a cut in interest rates is widely expected. These are...