The Federal Reserve cut interest rates by 25 basis points in its policy-setting meeting on July 31, marking the first time the central bank has reduced the benchmark interest rate since it battled the financial crisis in 2008. The Fed also decided to pre-emptively end its process of shrinking its balance sheet, a process known as quantitative […]
For months, several reports indicated the U.S economy was quickly approaching what many feared to be a recession. After all, America’s looming trade war with China ignited geopolitical headwinds that posed a significant threat to the nation’s economy. In fact, a poll of economists conducted by Reuters revealed that the median probability of a recession within the next year rose to 25% […]
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