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Michelle Bowman was the first Federal Reserve governor to dissent from an interest-rate decision since 2005.
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Oil futures booked solid weekly gains, boosted by the Federal Reserve's large interest-rate cut and a renewed rise in tensions in the Middle East.
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This reader wonders whether CD rates, high-yield savings accounts and bond ladders are still smart moves, even if interest rates keep dropping.
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Asian equities were largely higher on high volumes driven by FTSE Russell and S&P index rebalances and triple witching in the US, led higher by Japan, Hong Kong, and India outperforming as the Bank of Japan didn't raise interest rates overnight, curtailing the Yen's recent appreciation.
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JPMorgan Chase CEO Jamie Dimon suggests the half-point interest-rate cut is "a minor thing" that Wall Street — not Main Street — is obsessing over.
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