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Top related persons:
GENNADIY GOLDBERG - 1 J Powell - 1 they've - 1 They're - 1 Powell - 1 we've - 1 ELLEN HAZEN - 1 ” MICHAEL BROWN - 1
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U.S WELLESLEY , MASSACHUSETTS PALM BEACH , FLORIDA WISCONSIN GOLDMAN SACHS CHARLOTTE NORTH CAROLINA
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YORK - 1 Federal Reserve - 1 U.S - 1 Treasury - 1 Fed - 1 Dow - 1 Global Finance - 1 Markets - 1

Search resuls for: "J Powell"


3 mentions found


☆ Fed raises interest rates, leaves door open to another increase - Reuters News
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +9 min
The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase. The Fed raised (the Fed funds target rate) by a quarter point and the vote was unanimous, and the move puts rates at a 22-year high." "We think recent data is consistent with the US policy rate peaking in July, as core CPI inflation slowed sharply in June. "Fed Chair Powell is going to suggest that for the time being that they need to assess more information for inflation. "Markets are for the most part becoming more confident the Fed won't have to raise rates in September.
Persons: GENNADIY GOLDBERG, J Powell, they've, They're, Powell, we've, ELLEN HAZEN, ” MICHAEL BROWN, JACK ABLIN, BRIAN JACOBSEN, MENOMONEE, ” PETER CARDILLO, Jackson, GURPREET GILL, GOLDMAN, QUINCY KROSBY, ” EDWARD MOYA, We'll, we'll Organizations: YORK, Federal Reserve, U.S, Treasury, Fed, Dow, Global Finance, Markets, Thomson Locations: U.S, WELLESLEY , MASSACHUSETTS, PALM BEACH , FLORIDA, WISCONSIN, GOLDMAN SACHS, CHARLOTTE, NORTH CAROLINA
☆ Stock futures are little changed with Dow on track for best month since 1976
  + stars: | 2022-10-30 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Stock futures were flat on Sunday evening ahead of the final day of October, with the Dow Jones Industrial Average poised to clinch its best month in decades. Those for the S&P 500 was also marginally lower, while Nasdaq 100 futures dipped 0.1%. The Dow is up 14.4% in October, which would be its best month since 1976. The S&P 500 and Nasdaq Composite are also up for the month, putting Wall Street on track to snap a two-month losing streak. A body in motion stays in motion," Matt Fleury of Goldman Sachs wrote in a note on Saturday.
☆ The average student loan borrower will see their monthly bill drop by up to $300 a month when payments restart, says the Education Department
  + stars: | 2022-09-27 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +3 min
President Biden is forgiving up to $20,000 in student loans for federal borrowers making under $125,000. A Department of Education official said borrowers who see relief, monthly payments will shrink. That means, according to Powell, monthly payments will be recalculated based on a borrower's remaining balance. "We estimate the average borrower on a standard repayment plan will see their monthly payments drop by around $200 to $300 a month," Powell said. As part of the president's debt cancelation, student loan payments were paused for "one final time" through the end of 2022.
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