However, job growth continued to slow in August, and a fairly weak July jobs report showed the rate of unemployment hitting a three-year high. Unemployment is a leading sign of recession, ...

The jumbo rate cut of 50 basis points is expected to benefit multiple sectors of the economy that rely heavily on short-term debt to finance their growth, such as real estate, clean energy ...

The Fed typically cuts rates to stimulate economic growth. The process works like this: When the economy begins to overheat and inflation rises too quickly, the Fed may raise interest rates.

Stocks on Wall Street soared Thursday a day after the Federal Reserve slashed its benchmark interest rate by 0.50 percentage points, with investors cheering the central bank's move to head off a ...

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. There was much debate about whether the Fed would cut by a half ...

KUALA LUMPUR: Malaysia’s trade has continued its stellar performance in August, growing 18.6 per cent year-on-year to RM252.65 billion -- the fastest growth rate in 22 months, according to the ...

The Fed delivered a jumbo-sized rate cut this week. The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal ...

"I don't see that. You see growth at a solid rate, you see inflation coming down, and you see a labor market that's still at very solid levels." Stocks rose in the immediate aftermath of the Fed's ...

High interest rates are designed to slow economic growth, specifically by reducing the demand for goods and services. By reducing demand for goods and services, you also reduce inflation.

The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said. Source: Freddie Mac By ...

People who bought homes in the past two years may want to seek a lower interest rate. Here’s how to think it through — and how to shop. By Ron Lieber and Tara Siegel Bernard Now that the Fed ...

Fed Chair Jerome Powell entered a new phase in his campaign to softly land the U.S. economy, lowering interest rates Wednesday with an audacious half-point cut. The move raised new questions the ...