Layoffs

Fed Cuts Interest Rate Again as Layoffs Mount: What it Means for Mortgages as Markets React

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Fed Cuts Interest Rate Again as Layoffs Mount: What it Means for Mortgages as Markets React

The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more

As Fed Weighs Interest Rate Cut To Boost Labor Market, Layoffs Mount at Amazon, UPS, and Target

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As Fed Weighs Interest Rate Cut To Boost Labor Market, Layoffs Mount at Amazon, UPS, and Target

Even as Federal Reserve officials deliberate this week on interest rate policy, major employers including Amazon, UPS, and Target are announcing significant layoffs that may heighten the urgency for a rate cut. On Tuesday, as Fed Chair Jerome Powell and other members of the rate-setting Federal Open Market Committee (FOMC) began their two-day meeting, Amazon … Read more