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Wednesday, January 31
by
ABC News
Fed leaves interest rates unchanged, delaying anticipated rate cuts
(WASHINGTON) -- The Federal Reserve left rates unchanged on Wednesday, delaying highly anticipated rate cuts that the central bank expects to make sometime this year. The fed funds rate remains between 5.25% and 5.5% "The Committee seeks to achieve maximum employment and inflation at the rate of ...
Wednesday, January 31
by
ABC News
Fed set for first rate decision since forecasting cuts
(WASHINGTON) -- Washington, D.C., and Wall Street will closely watch an announcement from the Federal Reserve on Wednesday about whether to shift its benchmark interest rate. The move marks the first such decision since the Fed said last month that it expects to cut rates ...
Saturday, January 27
by
The Center Square
Legislator pushes to abolish cuts in service hours at group homes despite pause
(The Center Square) – A proposed cut to service hours for workers of group homes for adults with intellectual and developmental disabilities has been paused by Gov. J.B. ...
Thursday, January 11
by
ABC News
Inflation jumped in December, complicating Fed aim of interest rate cuts
(NEW YORK) -- Consumer prices rose 3.4% in December compared to a year ago, accelerating markedly from the previous month and defying a smooth path down to normal levels, a report from the Bureau of Labor Statistics released on Thursday showed. The Federal Reserve stands ...
Monday, January 8
by
The Center Square
Grassley: Tax cuts could be expedited this session
(The Center Square) - Iowa House Speaker Pat Grassley said lawmakers could expedite gradual tax cuts passed in 2022. ...
Tuesday, December 19
by
ABC News
What could interest rate cuts mean for the 2024 election?
(NEW YORK) -- When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a "soft landing." Arriving less than a year before the presidential contest, the announcement raised a separate consideration: ...
Tuesday, December 19
by
The Center Square
Illinois law cuts funding for public libraries that ban certain books starting Jan. 1
(The Center Square) – A law involving public libraries in Illinois that created political divides is set to go into effect in January. ...
Friday, December 15
by
ABC News
Interest rate cuts may come soon. Here’s what that means for your finances.
(WASHINGTON) -- A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday -- and the enthusiasm owed little to what the central bank actually did. In addition to pausing its benchmark interest rate, the Fed forecasted a series of rate ...
Thursday, December 14
by
The Center Square
Committee: Iowa’s financial position still strong despite tax cuts
(The Center Square) - Tax cuts approved by the Iowa Legislature in 2022 slowed the accumulation of general fund revenue but did not put a huge dent in ...
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