Fed Reserve cuts interest rates
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The President pushing for a change in some staff in the Federal Reserve, as the Chairman announces a cut to the interest rate. Avery Travis and Will DuPree sat down with Michael Sury, the Managing Director for the Center for Analytics and Transformative Technologies at the University of Texas at Austin,
Federal Reserve Chairman Jerome Powell was asked about leaving his job at a press conference on Wednesday.
The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled.
This week, the Federal Reserve cut interest rates by a quarter of a percentage point, and signals two more cuts could be on the way. Here to talk about what this means for you is local financial advisor Gregory Ricks.
With the Federal Reserve widely expected to cut rates by 25 bps later today, traders have been positioning ahead of the announcement. The U.S. dollar has weakened steadily into the event as the labor market softens and recession risk builds, creating tailwinds for EUR/USD.
The Rush-Henrietta football team is this week's Primetime 585 Spotlight Team. A former Ogden police officer is facing federal charges after prosecutors say he left threatening signs at the home of an FBI agent in Monroe County and later confronted police with a machete.