Articles for Powell

Norman Powell’s 28 points not enough to save Clippers from loss to Mavericks
Trending News
2 days, 14 hours ago

Norman Powell’s 28 points not enough to save Clippers from loss to Mavericks

LA Times  

Clippers guard Norman Powell pulls up for an open jumper during a 113-97 loss to the Dallas Mavericks on Saturday night. Quentin Grimes scored 20 points off the bench, 14 in the fourth quarter, leading eight Mavericks in double figures as Dallas beat the Clippers 113-97 on Saturday night despite missing leading scorer Luka Doncic. During one stretch midway through …

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Federal Reserve’s preferred inflation gauge shows price pressures eased last month
3 days ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press  

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Inflation Index Price Month Fed Rate Cut
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
3 days, 2 hours ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

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Fed lowers rates but sees fewer cuts ahead
Top News
3 days, 14 hours ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

US Federal Reserve Chair Jerome Powell departs after speaking at a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, December 18, 2024. WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis …

Fed Rate
Fed lowers rates but sees fewer cuts ahead
Trending News
3 days, 14 hours ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, while signaling a slower-than-expected pace of easing next year. US stocks plunged following the rate cuts, with the Dow Jones Industrial Average falling 2.58 percent, the S&P 500 sinking 2.95 percent and the Nasdaq dropping 3.56 …

Fed Rate
Bitcoin, high on Trump, sobers up after Fed statements
3 days, 14 hours ago

Bitcoin, high on Trump, sobers up after Fed statements

Salon  

Bitcoin, riding record highs following Donald Trump's embrace of the digital cryptocurrency, came back down to earth after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold it. Related The Crypto Revolution comes to Washington "The Federal Reserve Act says what we can own, and we're not looking for a law change," Powell said. On …

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US Fed slashes rates by 25 basis points, bracing for policy uncertainty
Trending News
4 days, 14 hours ago

US Fed slashes rates by 25 basis points, bracing for policy uncertainty

China Daily  

Xinhua | Updated: 2024-12-19 09:29 Photo taken on April 20, 2022 shows the US Federal Reserve building in Washington, DC, the United States. WASHINGTON -- The US Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, as it braces for uncertainty stemming from the incoming Donald Trump administration's tariff …

Policy Committee Federal Fed Rate Powell Basis
US Fed slashes rates by 25 basis points, bracing for policy uncertainty
Trending News
4 days, 14 hours ago

US Fed slashes rates by 25 basis points, bracing for policy uncertainty

China Daily  

WASHINGTON -- The US Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, as it braces for uncertainty stemming from the incoming Donald Trump administration's tariff policies. In support of its goals, the committee decided to lower the target range for the federal funds rate by 25 basis points …

Policy Committee Federal Fed Rate Powell Basis
US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
4 days, 14 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

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Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
4 days, 16 hours ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
5 days, 9 hours ago

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation. “I think that a slower pace of cuts really reflects both the higher inflation readings we’ve had …

Economy Inflation Trump Fed Rate Think Cut
US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
5 days, 9 hours ago

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Associated Press  

NEW YORK — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September …

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The Fed is about to deliver the last rate cut for a while
Trending News
5 days, 14 hours ago

The Fed is about to deliver the last rate cut for a while

CNN  

Washington CNN — The Federal Reserve on Wednesday is expected to cut interest rates for the third time this year, in what could be the last rate cut for months. The Fed’s key interest rate influences borrowing costs across the economy and it’s used to achieve stable prices and maximum employment, two key goals mandated by Congress. With inflation nearly …

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U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025
5 days, 14 hours ago

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025

LA Times  

Specialist Meric Greenbaum listens on the floor of the New York Stock Exchange as the Federal Reserve’s rate decision is announced Wednesday. U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday that it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said …

Market Fed Rate Rates Dow Cuts Wall Street
Will the Fed keep cutting in 2025?
6 days, 10 hours ago

Will the Fed keep cutting in 2025?

Live Mint  

Investors see an interest-rate cut by the Federal Reserve this week as all but certain. Approaching neutral This week’s meeting is likely to deepen debates on two issues that could define where rates go over the next year: the location of the “neutral" rate of interest and the potential for policy changes by President-elect Donald Trump. “It looks like you’ve …

Policy Inflation Officials President Fed Rate Likely
Christmas decorations in Tasmanian town of Marrawah a treat for young and old
6 days, 14 hours ago

Christmas decorations in Tasmanian town of Marrawah a treat for young and old

ABC  

You've no-doubt experienced the festive spirit of Carols by Candlelight, Christmas parades and young children crying in the laps of Santas across the country. "The farmers have got hay bales in their paddock to use, the farmers have got tractors, some have got boats," local Karalea Nicholls said. "But my husband came out and said 'I've got a tractor, we'll …

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The Federal Reserve takes on Trump—and stubborn inflation
1 week ago

The Federal Reserve takes on Trump—and stubborn inflation

Live Mint  

A lot is riding on the numbers after the decimal point. In such a scenario, Mr Trump would presumably be satisfied enough with the central bank that he would feel little compulsion to snipe at Jerome Powell, the Fed’s chairman, or, worse, to start a legal battle by trying to oust Mr Powell before his term expires in May 2026. …

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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
1 week ago

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Associated Press  

WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Instead, inflation has become stuck at a higher level, yet the Fed after Wednesday’s meeting will likely have lowered its …

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WI vs BAN, 1st T20: Bangladesh beats West Indies by 7 runs
Trending News
1 week ago

WI vs BAN, 1st T20: Bangladesh beats West Indies by 7 runs

The Hindu  

Bangladesh opened its three-match Twenty20 series against West Indies with a tight seven-run win on Sunday. At 61-7 in the 12th over the West Indies looked a long-shot to get close to Bangladesh’s 147-6 off 20 overs but some lusty hitting from captain Rovman Powell got the hosts within 10 runs from the final over to steal victory. But Bangladesh …

Bangladesh West Indies West Ban Indies Balls
1st T20I: Powell's heroics in lost cause as Mahedi spins Bangladesh to 7-run win over West Indies
Trending News
1 week ago

1st T20I: Powell's heroics in lost cause as Mahedi spins Bangladesh to 7-run win over West Indies

Hindustan Times  

Kingstown, : After three consecutive ODI defeats, Bangladesh finally returned to winning ways with a narrow 7-run victory over the West Indies in the 1st T20I at Arnos Vale Ground. 1st T20I: Powell's heroics in lost cause as Mahedi spins Bangladesh to 7-run win over West Indies The West Indies managed to make it out a nail-biting affair, courtesy of …

West Indies West Indies Powell Lost Cause Mahedi Bangladesh Needed
WI vs BAN: Mahedi, Mahmud star as Powell's heroics go in vain in 1st T20I
Trending News
1 week ago

WI vs BAN: Mahedi, Mahmud star as Powell's heroics go in vain in 1st T20I

India Today  

Bangladesh edged out West Indies in a thrilling finish, holding on for a 7-run victory in the first T20I at the Arnos Vale Ground. Hasan Mahmud emerged as the hero, defending nine runs in the final over to secure the win in West Indies' first international match in St Vincent in a decade. Chasing 147, West Indies found themselves in …

Bangladesh West Indies West Runs Ban Indies Powell
US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts
1 week, 2 days ago

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions on Tuesday, December 17, and will announce its new benchmark interest rate decision on December 18. The US central bank will conduct its two-day Federal Open Market Committee meeting amid Wall Street bets that will likely stay on course towards delivering another rate cut even after …

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US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict
1 week, 4 days ago

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

Live Mint  

US Inflation Report November 2024: US inflation accelerated for a second straight month in November 2024, reporting the steepest gain in the last seven months amid higher food prices and other sectors. US Inflation Report November 2024: Key Metrics The CPI rose 0.3 per cent last month, the largest gain since April after advancing 0.2 per cent for four straight …

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US inflation ticked up last month as some price pressures remain persistent
Trending News
1 week, 5 days ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

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