Philadelphia Fed president Patrick Harker told Yahoo Finance he expects the central bank to start with a 25 basis point cut, and he would be open to a larger...
Philadelphia Fed president Patrick Harker said he expects the central bank to start with a 25 basis point cut as it begins to ease monetary policy, and he would be open to a larger cut if the labor market deteriorates suddenly.
But Powell was silent on whether a first cut would be 25 basis points or 50 and whether September was in fact the starting point, saying "the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks." The real challenge for the central bank, she said, is to get inflation all the way down to its 2% target while keeping labor markets healthy.Gaza ceasefire talks in Cairo 'constructive' and will continue over the weekend, White House says
A former Alabama prosecutor was found guilty of six corruption charges on Thursday for soliciting sexual favors from at least three women who he was also prosecuting for crimes. Houston County former Assistant District Attorney Mark Johnson was accused of using his role as a prosecutor to ask for sexual photos on multiple occasions and to hire a sex worker on at least one occasion. Johnson also previously served as a Houston County Sheriff's Department deputy.
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