Business
Americans have been waiting for months for what the Federal Reserve is poised to announce this week: that it’s cutting its key interest rate.
Year-over-year price increases reach a three-year low, clearing the way for the Federal Reserve to cut interest rates next week.
A key inflation measure remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month.
Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.
The PCE price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first quarter.
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The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession.
California
Yosemite officials are starting up reservations for February weekends at Horsetail Fall in the hope of curtailing damage to surrounding areas by visitors.
A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease.
Yosemite National Park visitors won’t be required to make reservations when heading to the park, but fees still apply.
U.S. stocks rallied after the Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy.