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Tag Archives: Fed

Fed Was Divided About Interest Rate Cut

WASHINGTON — Federal Reserve officials were sharply divided when they voted to cut interest rates for the first time in a decade in late July, newly released minutes from their meeting show. Officials lowered borrowing costs by a quarter of a percentage point at the meeting, citing slowing global growth, …

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Fed Wants Workers to Get Pay Faster

WASHINGTON — The Federal Reserve said on Monday that it would create a real-time payments system, with the goal of making paychecks and money transfers available for use more quickly. The move is aimed at narrowing the amount of time between when money is deposited or transferred into an account …

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