Divided Fed approves third rate cut this year, sees slower pace ahead

Divided Fed approves third rate cut this year, sees slower pace ahead


Key Points
  • A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday in a 10-3 vote, but signaled a tougher road ahead for further reductions.
  • The FOMC’s “dot plot” indicated just one more reduction in 2026 and another in 2027, amid considerable disagreement from members about where rates should head.
  • In addition to the rate decision, the Fed also announced it will resume buying Treasury securities. The central bank will start by buying $40 billion in Treasury bills, beginning Friday.



Source

Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war
Finance

Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war

ETF Edge Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war Published Sat, Mar 14 202611:00 AM EDT Blair Bao Stephanie Landsman@stephlandsman WATCH LIVE Source

Read More
Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market
Finance

Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market

ETF Edge Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market Published Fri, Mar 13 202612:28 PM EDTUpdated 14 Min Ago Krysta Escobar WATCH LIVE Source

Read More
Stocks making the biggest moves midday: Adobe, Ulta Beauty, Insulet, Klarna, Once Upon a Farm & more
Finance

Stocks making the biggest moves midday: Adobe, Ulta Beauty, Insulet, Klarna, Once Upon a Farm & more

Check out some of the companies making the biggest moves midday: Adobe — The software giant saw shares tumble more than 5%. CEO Shantanu Narayen said that he would step down from his post after a successor has been named. Narayen will remain as chair of the company’s board. He has been Adobe’s CEO since […]

Read More