In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment h
the president s visit comes as his administration is facing mounting pressure following this, you know, 41-year inflation high that we re seeing and a huge surge in gas prices. the nation s national average for gas, $5.02 a gallon now. all of this as a key inflation measure slowed slightly last month. also this morning, the white house is now confirming that the president will be traveling to the middle east, specifically to israel and saudi arabia, in july. we re also learning his visit will include a meeting with the saudi crown prince, mohammed bin salman. remember, president biden had previously called the kingdom a pariah for its role in the killing of washington post journalist jamal khashoggi. that was before he became president. we ll have much more on that in a moment. plus, the january 6th committee is postponing now a hearing that was scheduled for tomorrow. a member of the committee saying this was due to technical issues. we ll be live on capitol hill with
Voisard Asset Management Group Inc. bought a new stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 517 shares of the company’s stock, valued at approximately $123,000. Several other […]
Creative Planning cut its position in Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,993,305 shares of the company’s stock after selling 356,416 shares during the period. Vanguard Total Stock Market ETF comprises […]
True Wealth Design LLC lowered its position in Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,570 shares of the company’s stock after selling 45 shares during the […]