Fed

Other central banks were already cutting benchmark interest rates months before the Fed. Here’s why the Fed’s cut has global impact.

So far, the bond market seems to be doing the opposite of the Fed’s plan. But the cut was anticipated, and recession fears have eased.

Because data lags, the current level is uncertain. Plus, key factors like unemployment and the commercial property market are volatile.

The Fed is slowing the pace of shrinking its bond holdings, aka quantitative tightening, perhaps before easing its interest rate stance.

And why is there no target number to measure it, as there is with inflation —the Federal Reserve’s other mandate?

The Federal Reserve will be looking for signs that the economy is slowing in a manageable way so that it can cut interest rates.

One wild card: back-to-school shopping.

With the Federal Reserve signaling it plans to cut rates up to three times this year, interest payments, and interest charges, are likely to drop.

The latest edition includes comments from community bankers, real estate brokers, farm-implement suppliers—you name it.

Biden has mostly shied away from publicly criticizing the Fed chair, while Trump tweeted about the Fed hundreds of times while in office.